The Following Transactions for the Month of March Have Been $\$ 10,000$

question 65

Multiple Choice

The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship.
Mar. The business received $\$ 10,000$ cash from the owner of the business, Morris Tharps. The business gave capital to Mortis Tharps.
Mar. 2Paid the first month's rent of $\$ 1,000$ .
Mar. 3Purchased equipment by paying $\$ 2,000$ cash and executing a note payable for $\$ 5,000$ .
Mar. 4Purchased office supplies for $\$ 710 \mathrm { cash }$
Mar. 5Billed a client for $\$ 9,000$ of design services completed.
Mar. 6Received $\$ 7,600$ on account for the services previously recorded What is the balance in Cash on March 6?

• A) $14,890
• B) $13,890
• C) $15,890
• D) $15,600

Interpret z-scores within the context of a standard normal distribution.

Apply the properties of the normal curve in determining probabilities.

Understand the concept of symmetry in probability distributions.

Apply statistical concepts to real-life scenarios involving probability distributions.

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Definitions:

Balance Sheet

is a financial statement that provides a snapshot of a company's financial position at a specific point in time, detailing assets, liabilities, and equity.

Income Statement

A report that outlines a business's financial activities, including income, expenses, and overall profit or loss, for a set period.

Financial Statements

Comprehensive reports created from a company's accounting data, intended to present the financial performance and position of the company.

Inside Columns

The columns found within the main body of a financial document, used to detail transactions before summarizing the total.