Antonio's Catered a Reception

question 118

Multiple Choice

Antonio's catered a reception. The total price was $850. Their customer paid half of the fee in cash and agreed to pay the remainder later. The journal entry to record this transaction is

• A) Cash   425
• Accounts Receivable   425
• Catering Service Fees   850
• B) Cash   850
• Accounts Receivable   850
• C) Cash   850
• Catering Service Fees   850
• D) Accounts Receivable   850
• Cash   425
• Catering Service Fees   425

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Definitions:

Distraction

A factor or event that diverts attention from a desired focus, often leading to decreased performance or awareness.

Self-Esteem

One’s overall subjective sense of personal worth or value.

Pessimistic Explanatory

A cognitive style where individuals tend to attribute negative events to stable, internal, and global factors in their explanations.

Learned Helplessness

A circumstance in which an individual is afflicted by a profound sense of impotence, often triggered by a traumatic incident or continual lack of achievement.