A business purchases equipment by paying $7 517 in cash and issuing a note payable of $19 410. Which of the following occurs?March 1 The business received $8 000 cash from the owner in exchange for capital. March 2 Paid the first month’s rent of $600. March 3 Purchased equipment by paying $1 000 cash and executing a note payable for $3 000. March 4 Purchased office supplies for $600 cash. March 5 Billed a client for $11 000 of design services completed. March 6 Received $9 000 on account for the services previously recorded. What is the balance in Accounts Receivable?3.Which of the following sequences states the order in which accounts are listed on a trial balance?Equity ? Assets ? LiabilitiesLiabilities ? Assets ? EquityAssets ? Equity ? Liabilities4.The following transactions for the month of March have been journalized and posted to the proper accounts of a sole proprietorship. March 1 The business received $10 000 cash from the owner of the business Morris Tharps. The business gave capital to Morris Tharps. March 2 Paid the first month’s rent of $1 000. March 3 Purchased equipment by paying $2 000 cash and executing a note payable for $5 000. March 4 Purchased office supplies for $710 cash. March 5 Billed a client for $9 000 of design services completed. March 6 Received $7 600 on account for the services previously recorded. What is the balance in Cash on March 6?
