A Customer Purchased $2,000 of Goods on Credit from Holiday

question 22

Multiple Choice

A customer purchased $2,000 of goods on credit from Holiday Party Supply on May 1. The customer received the bill on May 15 and mailed a $2,000 cheque on May 28. Holiday received the cheque on May 30. In recording this transaction, Holiday should credit Sales Revenue for $2,000 on which of the following dates?

• A) May 1.
• B) May 28.
• C) May 30.
• D) May 15.

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Definitions:

Personal Interactions

Personal interactions refer to direct and reciprocal communication or engagement between two or more individuals.

Cell Phone

A portable telephone that uses wireless technology to send and receive calls and messages.

Caller ID

A telephone feature that displays the phone number of the incoming call.

Important Call

A critical or significant telephone conversation with a stakeholder that can have a substantial impact on business operations or outcomes.