Identify the Journal Entry Required to Correctly Record the Following

question 64

Multiple Choice

Identify the journal entry required to correctly record the following transaction. Received cash from customer.

• A) Dr Accounts receivable
• Cr Cash
• B) Dr Cash
• Cr Accounts payable
• C) Dr Cash
• Cr Accounts receivable
• D) Dr Cash
• Cr Share capital

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Definitions:

External Locus

The belief that one's outcomes or fate are controlled by external forces or the environment, as opposed to internal factors or personal effort.

African American

An ethnic group of Americans with total or partial ancestry from any of the black racial groups of Africa.

Guidance

Support or advice provided to someone to make decisions or to face problems or challenges.

Discipline

Methods and techniques used to teach and enforce acceptable behavior patterns, often emphasizing self-control and adherence to rules.