On October 3, Josh Antonio, a Carpenter, Received a Cash

question 107

Multiple Choice

On October 3, Josh Antonio, a carpenter, received a cash payment for services previously billed to a client. Josh paid his telephone bill, and he also bought supplies on credit. For the three transactions, at least one of the entries will include a

• A) credit to Retained Earnings.
• B) credit to Notes Payable.
• C) debit to Accounts Receivable.
• D) credit to Accounts Payable.

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Definitions:

Digital Materials

Electronic content and resources such as e-books, databases, and online journals that can be accessed through computers or other digital devices.

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Use of copyrighted material (as permitted under Canadian law) for the purposes of research or private study, criticism or review, or news reporting.

Copyright Office

A government body responsible for registering copyright and managing related legal rights.

Legal Representative

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