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Business

30 October, 22:11

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