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Question - The following transactions have been journalized and posted to the proper accounts. March is the first month of business operations for the sole proprietorship.
Mar. 1 The business received $10,000 cash from the owner in exchange for capital.
Mar. 2 Paid the first month's rent of $700.
Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $3,000.
Mar. 4 Purchased office supplies for $600 cash.
Mar. 5 Billed a client for $11,000 of design services completed.
Mar. 6 Received $9,000 on account for the services previously recorded.
What is the ending balance in the Service Revenue account?
A. $11,000
B. $19,000
C. $9,000
D. $10,000
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