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

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Definitions:

Effective Communication

The conveyance and reception of ideas, messages, or information through appropriate channels, ensuring clarity and mutual understanding.

Intergroup Conflict

A situation where groups within an organization or society are in disagreement or conflict with each other, often due to competing interests or goals.

Conflict Sources

Factors or situations that can lead to disagreements or disputes within a group or organization.

Cultural Effects

The impact of a society's culture on the values, behaviors, and perceptions of its members.