A Customer with an Overdue Account of $450 Pays $150

question 58

Multiple Choice

A customer with an overdue account of $450 pays $150 on account. Which of the following is the most appropriate journal entry to record this transaction?

• A) \(\begin{array} { | r | r | r | }
• \hline \text { Cash } & 150 & \\
• \hline \text { Bad debts expense } & 300 & \\
• \hline \text { Accounts receivable } & & 450 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | r | r | }
• \hline { \text { Cash } } & 150 \\
• \hline \text { Notes receivable } & 300 & \\
• \hline \text { Accounts receivable } & & 450 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | r | r | }
• \hline \text { Accounts receivable } & 450 & \\
• \hline \text { Cash } & & 450 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 150 & \\
• \hline \text { Accounts receivable } & & 150 \\
• \hline
• \end{array}\)

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Definitions:

Dendrites

The branched projections of a neuron that act to conduct the electrochemical stimulation received from other neural cells to the cell body.

Back Propagation

Reverse movement of an action potential into the soma and dendritic field of a neuron; postulated to play a role in plastic changes that underlie learning.

Action Potential

A temporary reversal of an electric polarization of the membrane of a nerve cell or muscle cell, allowing for the transmission of signals.

EPSP Reversal

A phenomenon where the excitatory postsynaptic potential changes direction, usually due to alterations in ion gradient or membrane potential.