The following transactions for the month of March have been journalized and posted to the proper accounts
Mar. 1 The business received $9,000 cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $900.
Mar
3 Purchased equipment by paying $3,000 cash and executing a note payable for $7,000.
Mar. 4 Purchased office supplies for $730 cash.
Mar. 5 Billed a client for $10,000 of design services completed.
Mar. 6 Received $7,900 on account for the services previously recorded.
What is the balance in Cash?
A) $13,170
B) $12,270
C) $15,270
D) $13,900
B .Cash is increased by the March 1 transaction of $9,000 and the March 6 amount of $7,900 and decreased by the March 2 payment of $900, March 3 payment of $3,000, and March 4 payment of $730 for a final cash balance of $12,270.
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