A Transaction Has Been Recorded in the General Journal of Manella

question 2

Multiple Choice

A transaction has been recorded in the general journal of Manella Company as follows: Which of the following could be an explanation for this transaction?

• A)Paid cash to a customer who requested a refund.
• B)Received cash in advance for work to be performed in future months.
• C)Recorded adjusting entry for work completed.
• D)Received cash for services completed.

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Definitions:

Motives

Internal states or desires that drive individuals to take actions towards achieving specific goals.

Subconscious

A part of the mind that influences thoughts and actions without one's full awareness.

Psychosexual Energy

in Freudian psychoanalysis, the driving force behind human behavior, stemming from the libido or sexual energy.

Libido

A term used in psychoanalytic theory to denote the energy associated with sexual instincts and drives.