The Following Transactions for the Month of March Have Been $\$ 9,000$

question 148

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar, 1 The business received $\$ 9,000$ cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $800.
Mar. 3 Turchasad equipment by paying $3,000 cash and executing a note payable for $5,000.
Mar. 4 Iurchasod Office Supplies for $\$ 750 \mathrm { cash }$ .
Mar. 5 Eilled a client for $10,000 of design services completed.
Mar. 6 Received $8,000 on account for the services previously recorded.
- What is the balance in Accounts Receivable?

• A)$8,000
• B)$2,000
• C)$5,000
• D)$10,000

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Definitions:

Performance-outcome Expectancy

The belief or assumption about the likelihood that one's effort will lead to desired performance outcomes.

Task Goals

Objectives or aims that pertain to the completion of specific tasks, often setting the direction and purpose for individual or team effort.

Behavioural Self-management

The process of controlling one's own behavior through self-observation, self-evaluation, and self-reinforcement to achieve personal goals.

Equity Comparisons

The process of comparing one's own ratio of contributions and rewards with the ratios of others to gauge fairness.