The Following Transactions Have Been Journalized and Posted to the Proper

question 181

Multiple Choice

The following transactions have been journalized and posted to the proper accounts.March is the first month of business operations for the sole proprietorship. Mar. 1 The business received $\$ 7,000$ cash from the owner in excharige for capital.
Mar. 2 Paid the first month's rent of $\$ \mathbf { 8 0 0 }$ .
Mar. 3 Purchased equipment by paying $\$ 3,000$ cash and executing a note payable for $\$ 4,000$ .
Mar. 4 Purchased office supplies for $\$ 750 \mathrm { cash }$ .
Mar. 5 Billed a client for $\$ 12,000$ of design services completed.
Mar. 6 Received $\$ 6,000$ on account for the services previously recorded What is the ending balance in the Service Revenue account?

• A) $13,000
• B) $7,000
• C) $12,000
• D) $6,000

Recognize the principles and applications of operant conditioning in managing employee performance.

Identify the significance of strengths-based leadership in enhancing team productivity.

Understand the role of participative management and its effect on employee commitment and creativity.

Understand the impact of social connections and belonging on workplace motivation and engagement.

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Definitions:

Business Plan

A detailed document describing the nature of the business, its sales and marketing strategy, financial background, and projected profit and loss statement.

Review And Evaluation

The process of examining and assessing a system, process, or performance, often for improvement or accountability purposes.

Optimum Length

The most favorable or effective size or duration of something, based on specific objectives, conditions, or requirements.

Business Plan

A detailed document outlining the objectives of a business, strategies to achieve them, and the timeframe for success.