On October 3, Karl Schickele, a Carpenter, Received a Cash

question 59

Multiple Choice

On October 3, Karl Schickele, a carpenter, received a cash payment for services previously billed to a client. Karl paid his telephone bill, and he also bought equipment 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:

Dramaturgical Analysis

Views social interaction as a sort of play in which people present themselves so that they appear in the best possible light.

Erving Goffman

A sociologist and writer known for his work on symbolic interactionism and the study of social interactions in everyday life.

Status Set

The entire ensemble of statuses occupied by an individual.

Achieved Prescriptive Status

A condition or status that is earned or attained through one's actions, as opposed to being ascribed by default of birth or social position.