Receiving Cash on Account of $1,200 from a Customer Would

question 109

Multiple Choice

Receiving cash on account of $1,200 from a customer would include a:

• A)debit to accounts receivable and a credit to service revenue for $1,200.
• B)debit to cash and a credit to accounts receivable for $800.
• C)debit to accounts payable and a credit to cash for $1,200.
• D)debit to cash and a credit to accounts receivable for $1,200.

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Definitions:

Fatty Acids

Long-chain hydrocarbons that end with a carboxylic acid group, a major component of lipids in biological systems.

Carbons

The chemical element with atomic number 6, fundamental to life, and the basis of organic chemistry.

Micelle

An aggregate of surfactant molecules dispersed in a liquid colloid, forming a molecular assembly that can solubilize hydrophobic molecules in its hydrophobic core.

Hydrophobic

Characteristic of molecules or substances that do not readily mix with water.