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:

Original Typology

A primary classification system that the first forms of categorizing concepts or phenomena.

Dimensions

Refers to the measurable extents of a particular object or phenomenon, which can include attributes such as length, width, height, depth, and time, often used to describe the scope or scale of something.

Degree of Activity

The level or intensity of action or involvement in a particular process or situation.

Theoretical Model

A conceptual framework that explains phenomena through logically-structured principles and propositions.