The following transactions for March have been journalized and posted to the proper accounts.
Mar. 1 The business received a $10,000 cash contribution from the owner.
Mar. 2 Paid the first month's rent of $800.
Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $6,000.
Mar. 4 Purchased office supplies for $500 cash.
Mar. 5 Billed a client for $14,000 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. $16,000
b. $10,000
c. $14,000
d. $6,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following transactions for March have been journalized and posted to the proper accounts. Mar. 1 The business received a $10,000 cash ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
An increase in the minimum wage will tend to cause which of the following to occur? A. an increase in the size of the surplus of labor B. a rightward shift in the supply of labor C. a leftward shift in the demand for labor D.
Answers (1)
Imagine that both the skycar and jet powered wing become sold commercially. What hospitality and tourism businesses might develop because of them
Answers (1)
Which of the following is a likely reason for choosing FDI instead of licensing? a. The company is in the process of shutting down all its operations. b. Sharing intellectual know-how with a potential foreign rival could be risky. c.
Answers (1)
Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your answers to 2 decimal places. Enter your answers as positive numbers. In part b, enter your answers as whole numbers. a.
Answers (1)
The type of cover letter written in response to a posted job opening: a. Networking letter b. Prospecting letter c. Application letter d. Follow up letter
Answers (1)
New Questions in Business
If the sum of your assets is 275,000, what should the other side of your balance sheet add up to?
Answers (1)
A warranty protects consumers against what? A. Defective or damaged products B. Government regulations C. Anticompetitive behaviors D. Fraud and misrepresentation 2b2t
Answers (1)
Flyer company sells a product in a competitive marketplace. market analysis indicates that its product would probably sell at $48 per unit. flyer management desires a 12.5% profit margin on sales.
Answers (1)
Margarita operates a sole proprietorship that earns $100,000 of qualified business income after deducting salaries of $300,000. The sole proprietorship is not a specified service business. She files a single tax return for 2019.
Answers (1)
When a job is completed in a service organization, the job costs are transferred to the?
Answers (1)