Find out the balance in cash


Problem:

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 Martinez invested $9,000 cash in his new design services business. Mar. 2 Paid the first month's rent of $800. Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $750 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $8,000 on account for the services previously recorded.

Required:

Question: What is the balance in Cash?

Note: Please show the work not just the answer.

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Accounting Basics: Find out the balance in cash
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