The Following Transactions for the Month of March Have Been

question 29

Multiple Choice

The following transactions for the month of March have been journalised and posted to the proper accounts.

Mar 1 Martinez invested $9000 cash in his new design services business.
Mar 2 Paid the first month's rent of $900.
Mar 3 Purchased equipment by paying $4000 cash and executing a loan payable for $9000.
Mar 4 Purchased office supplies for $750 cash.
Mar 5 Billed a client for $8000 of design services completed.
Mar 6 Received $7900 on account for the services previously recorded.
What is the balance in Cash?

• A)$12,900
• B)$11,250
• C)$12,150
• D)$15,250

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Definitions:

Legal Proceedings

Legal proceedings refer to the process of taking legal action in a court of law.

Informational Interview

A conversation with a professional in a field of interest to gain insights and information about the job market, career paths, and industry trends.

Initial Interview

The first meeting between a lawyer and a prospective client to discuss the client's legal issues and potential representation.

Listening Skills

The skill of precisely understanding and perceiving messages throughout the communication process.