On June 1 Barlow Inc

question 87

Multiple Choice

On June 1 Barlow Inc.performed services and billed its client Bertram Enterprises $1500.On June 9 Bertram paid the account in full.The combined effect of these two transactions on Bertram's tabular analysis is:

• A)Decrease Cash $1500 and increase Expenses $1500.
• B)Decrease Cash $1500 and decrease Accounts Payable $1500.
• C)Increase Accounts Receivable $1500 and increases Revenues $1500.
• D)Increase Accounts Payable $1500 and increases Expenses $1500.

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Definitions:

Full Warranty

A guarantee without limitations covering a product's repair or replacement.

Consumer Product

A consumer product is a good or service that is intended for use by end consumers for personal, family, or household purposes.

Manufacturer

A person or company that makes goods for sale, especially in large quantities and as a commercial operation.

FTC Rules

Regulations established by the Federal Trade Commission designed to protect consumers and ensure fair competition.