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

question 110

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 $\$ 900$ .
Mar. 3 Purchased equipment by paying \$3,000 cash and expcuting a note payable for $7,000.
Mar. 4 Purchased office supplies for $\$ 730 \mathrm { cash }$ .
Mar. 5 Eilled a client for \$10,000 of design services completed.
Mar. 6 Received $\$ 7,900$ on account for the services previously recorded. What is the balance in Cash?

• A)$13,170
• B)$12,270
• C)$15,270
• D)$13,900

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Definitions:

American Citizenship

The status of being a citizen of the United States, with associated rights, duties, and privileges such as voting and protection under U.S. law.

Birthright Citizenship

A legal right under which all children born in a country's territory receive nationality or citizenship of that country at birth, regardless of the citizenship status of their parents.

Property Qualifications

Historical criteria requiring individuals to own a certain amount of property or wealth to be eligible for voting or holding public office.

Free Blacks

were African Americans who were not enslaved and lived freely in the United States, especially before the Civil War, though they faced legal and social restrictions.