Secret Trails Received Payment in Full Within the Credit Period

question 54

Multiple Choice

Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sale were 3/10, n/30. Which entry is required to record this? (Round intermediary calculations to the nearest cent and final answers to the whole dollar.)

• A) Debit Cash, $1,300; credit Sales, $1,300
• B) Debit Cash, $1,313; debit Sales Discount $39; credit Accounts Receivable, $1,352
• C) Debit Cash, $1,352; credit Sales, $1,352
• D) Debit Cash, $1,313; credit Sales, $1,313

Appreciate the benefits and challenges of teamwork in organizational settings.

Understand the concept of social loafing and measures to mitigate it within teams.

Become familiar with the structure and purpose of various specialized teams and groups, such as task forces and quality circles.

Explore strategies for managing and leading teams effectively, including virtual teams and self-managing work teams.

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Definitions:

Linguistic Comprehension

The ability to understand spoken or written language.

Fluency

The ability to express oneself easily and articulately, especially in speaking or writing.

Symbols

Objects, figures, or markings used to represent ideas, concepts, or actions.

Language

The systematic, meaningful arrangement of symbols, which provides the basis for communication.