Merriweather Post Pavillion Received a $820 Check from a Customer

question 13

Multiple Choice

Merriweather Post Pavillion received a $820 check from a customer for the balance due. The transaction was erroneously recorded as a debit to Cash $280 and a credit to Service Revenue $280. The correcting entry is

• A) debit Cash, $820; credit Accounts Receivable, $820.
• B) debit Cash, $540 and Accounts Receivable, $280; credit Service Revenue, $820.
• C) debit Cash, $540 and Service Revenue, $280; credit Accounts Receivable, $820.
• D) debit Accounts Receivable, $820; credit Cash, $540 and Service Revenue, $280.

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Definitions:

Individualistic Cultures

Societies that emphasize personal achievements, independence, and a self-oriented focus, as opposed to collective goals and interdependence.

Collectivistic Cultures

Societies that emphasize the needs and goals of the group over the desires or concerns of the individual.

EVLN Model

Stands for Exit, Voice, Loyalty, and Neglect, which are four strategies employees may use in response to job dissatisfaction.

Active/Passive

Describes an individual's general approach towards life; active individuals tend to initiate actions and influence their environment, while passive individuals tend to be more reactive and less inclined to seek change.