Fourth Company Receives a Note from a Customer for a $6000

question 161

Multiple Choice

Fourth Company receives a note from a customer for a $6000 sale. On the date of sale, what journal entry did Fourth Company prepare? Ignore cost of goods sold.

• A)debit Accounts Receivable for $6000 and credit Sales Revenue for $6000
• B)debit Notes Receivable for $6000 and credit Cash for $6000
• C)debit Notes Receivable for $6000 and credit Sales Revenue for $6000
• D)debit Cash for $6000 and credit Notes Receivable for $6000

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Definitions:

CS Precedes US

In classical conditioning, the conditioned stimulus (CS) is presented before the unconditioned stimulus (US) to establish a conditioned response.

0.5 Seconds

A time measurement equal to half a second, often used in various scientific and contextual scenarios to describe very short durations.

Relearning

The process of learning material or skills that were previously learned and then forgotten.

Original Learning

The initial process of acquiring knowledge or skills through experience, study, or instruction.