Maxie's Game World Sold Games to a Customer on Credit

question 79

Multiple Choice

Maxie's Game World sold games to a customer on credit for $2,600,terms 1/10,n/30 and the cost of the games was $1,700.When recording the sales transaction in its sales journal,Maxie's would enter:

• A)$1,700 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Cost of Goods Sold Dr./Inventory Cr.column.
• B)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $1,700 in the Accounts Payable Dr./Purchases Cr.column.
• C)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Cash Cr.column.
• D)$2,600 in the Accounts Receivable Dr./Sales Cr.column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr.column.
• E)$1,700 in the Accounts Receivable Dr./Sales Cr.column and $2,600 in the Other Accounts column Dr.column.

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Definitions:

Gender Differences

Variations in characteristics, behaviors, or traits between males and females due to biological, social, and cultural factors.

Speech Accommodation

The tendency of individuals to adjust their speech style toward or away from others' speech styles to fit into a social situation or convey distinctiveness.

Ethnic Vitality

The strength and persistence of an ethnic group's culture, identity, and practices in a multiethnic society.

Ingratiation

Strategic attempt to get someone to like you in order to obtain compliance with a request.