Receiving a $350 Payment on an Account with a Current

question 76

Multiple Choice

Receiving a $350 payment on an account with a current balance of $800 would include a:

• A)debit to cash and a credit to accounts payable for $350.
• B)debit to cash and a credit to accounts receivable for $350.
• C)credit to cash and a credit to accounts receivable for $350.
• D)debit to accounts receivable and a credit to cash for $350.

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Definitions:

Concentrated KMnO4

Potassium permanganate in a high concentration, a strong oxidizing agent used in qualitative organic analyses and in various other chemical processes.

1-Hexanol

An organic alcohol compound with a six-carbon chain terminating in a hydroxyl group, used primarily as a flavoring agent or perfume ingredient.

Chromic Acid

A powerful oxidizing agent used in organic chemistry and for cleaning laboratory glassware, consisting mainly of a mixture of chromium trioxide and sulfuric acid.

Organic Halide

Organic compounds containing a halogen atom (fluorine, chlorine, bromine, or iodine) covalently bonded to carbon; utilized in various chemical syntheses and reactions.