The following transactions for the month of march have been journalized and posted to the proper accounts. 11060 is the balance in Cash.
*2.3
+ Cash 9000
- rent 800
-equipment 4000
-office supplies 740
+received on account 7600
___________________________________
11060
the question is incomplete .please read below to find the missing content
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 $800.
Mar. 3
Purchased equipment by paying $4,000 cash and executing a note payable for $7,000.
Mar. 4
Purchased office supplies for $740 cash.
Mar. 5
Billed a client for $11,000 of design services completed.
Mar. 6
Received$7,600 on account for the services previously recorded.
What is the balance in Cash?
In accounting, an account is a general ledger record used to sort and store transactions. For example, a company has a cash account that records all transactions that increase or decrease the company's cash balance. In accounting, accounts refer to assets, liabilities, income, expenses, and equity represented on individual ledger pages. Value changes are recorded chronologically with debit and credit entries.
There are three types of accounts. Real accounts - related to assets and liabilities. Personal accounts are not included. We publish a foreword each year. Personal Accounts - Connect personal, company, and association accounts. Nominal Accounts - refers to all income, expense, loss, and profit accounts.
Learn more about accounts here
brainly.com/question/28327938
#SPJ4