The Following Transactions for March Have Been Journalized and Posted $\$8, 000$

question 97

Multiple Choice

The following transactions for March have been journalized and posted to the proper accounts. Mar, 1 The business received $\$8, 000$ cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $\$ 600$ .
Mar. 3 Purchased equipment by paying $1,000 cash and expcuting a note payable for $4,000.
Mar. 4 Purchased office supplies for $\$ 650 \mathrm { cash }$ .
Mar. 5 Eilled a client for $13,000 of design services completed.
Mar. 6 Received $\$ 7,000$ on account for the services previously recorded. What is the ending balance in the Service Revenue account?

• A)$15,000
• B)$8,000
• C)$13,000
• D)$7,000

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