A Company Provided $12,000 of Consulting Services to a Customer $\begin{array}{|l|r|r|}\hline \text { Accounts receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}$

question 31

Multiple Choice

A company provided $12,000 of consulting services to a customer on account.The customer promises payment in 30 days.Identify the journal entry below that properly records this transaction.

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts receivable } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|l|r|l|}
• \hline \text { Cash } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|r|}
• \hline \text { Consulting services revenue } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|r|l|}
• \hline \text { Accounts payable } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\)

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Definitions:

Positive Subjective Experiences

Personal, internal experiences characterized by feelings of happiness, contentment, or pleasure.

Positive Psychology

A branch of psychology that focuses on the study and promotion of positive aspects of human life, such as happiness, well-being, and strengths.

Social and Intellectual Movement

A group push towards societal change that is often driven by or involves significant shifts in thought and knowledge.

Negatively Oriented History

An interpretation or record of past events that focuses on negative outcomes, conflicts, or aspects, often leading to a pessimistic or critical view.