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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 cash from the owner in excharige for capital.
Mar. 2 Paid the first month's rent of .
Mar. 3 Purchased equipment by paying cash and executing a note payable for .
Mar. 4 Purchased office supplies for .
Mar. 5 Billed a client for of design services completed.
Mar. 6 Received on account for the services previously recorded What is the ending balance in the Service Revenue account?
Total Risk
The complete set of risks associated with an investment, including both systematic and unsystematic risks.
Systematic Risk
Refers to the risk inherent to the entire market or market segment that cannot be mitigated through diversification.
Unsystematic Risk
The danger linked to a particular corporation or sector that can be minimized by spreading investments.
Systematic Risk
The inherent risk associated with the entire market or market segment, also known as market risk.
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