On May 10, a Business Collected $3300 on Account

question 86

Multiple Choice

On May 10, a business collected $3300 on account. What journal entry is needed on that date?

• A)Debit Cash for $3300 and credit Revenue for $3300.
• B)Debit Accounts Receivable for $3300 and credit Revenue for $3300.
• C)Debit Cash for $3300 and credit Accounts Receivable for $3300.
• D)Debit Accounts Payable for $3300 and credit Revenue for $3300.

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Definitions:

Perceptual Defense

The psychological mechanism that enables individuals to see, hear, or become conscious of information in a way that protects their ego or self-concept.

Self-Concept

An individual's understanding and perception of themselves, encompassing their beliefs, attitudes, and perceptions of their abilities and attributes.

Bad News

Information that is unwelcome, disappointing, or distressing, the delivery of which requires sensitivity and often necessitates careful communication strategies.

Rational Decision Making

A structured or systematic approach to decision making that follows a logical, step-by-step process of identifying and evaluating alternatives and selecting the most favorable outcome from among them.