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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