Bagley AC Repair Company Began August with Accounts Receivable Totaling

question 147

Multiple Choice

Bagley AC Repair Company began August with Accounts Receivable totaling $3200.During August the company performed repair services and billed its customers a total of $11500 and collected amounts due totaling $10200.Use the following tabular analysis to determine the net effect of these transactions.

• A)Increase Accounts Payable by $1300 increase cash by $10200 and increase Revenue by $11500.
• B)Increase Cash by $11500 and increase Revenue by $11500.
• C)Increase Accounts Receivable by $1300 increase Cash by $10200 and increase Revenue by $11500.
• D)Increase Accounts Receivable by $11500 increase Cash by $10200 and increase Revenue $11500.

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Definitions:

Missionaries

Individuals who are sent to promote their religion in a foreign country through preaching, education, and other activities intended to convert others.

Mexica People

The Mexica people, also known as the Aztecs, were a Nahuatl-speaking indigenous people of the Valley of Mexico who built an extensive empire in central Mexico in the 14th, 15th, and 16th centuries before being conquered by the Spanish.

Cortes

Hernán Cortés, a Spanish conquistador who led an expedition that caused the fall of the Aztec Empire and brought large portions of what is now mainland Mexico under the rule of the King of Castile in the early 16th century.

Malintzin

Also known as La Malinche, she was an Indigenous woman who played a crucial role as an interpreter, advisor, and intermediary for the Spanish conqueror Hernán Cortés during the Spanish conquest of Mexico.