ABC Delivery Service Had the Following Transactions in June: Earned

question 41

Multiple Choice

ABC Delivery Service had the following transactions in June: Earned $4 000 cash for services rendered; collected $2 500 from a customer 'on account;' paid out $200 cash for plumbing services; received $3 500 of supplies and promised to pay one month later; paid out $1 000 in cash drawings to the owner. What is the combined effect on Cash of the June transactions?

• A)Up $5 300
• B)Down $6 300
• C)Up $1 800
• D)Down $300

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Definitions:

Change Blindness

Change blindness is a psychological phenomenon where a change in a visual stimulus goes unnoticed by the observer, demonstrating limitations in attention and perception.

Inattentional Blindness

A cognitive phenomenon where an individual fails to perceive an unexpected stimulus in plain sight, due to the focus of attention elsewhere.

Delusions

False beliefs maintained despite strong evidence to the contrary, often observed in psychiatric conditions.

Amnesia

A deficit in memory caused by brain damage, disease, or psychological trauma, often resulting in an inability to recall past experiences.