During September Its First Month of Operations Sailor Tutoring Service

question 131

Multiple Choice

During September its first month of operations Sailor Tutoring Service Inc.performed SAT prep tutoring services and billed customers $1200.The company collected 75% of the amount owed.The combined effect of these two transactions on Sailor's tabular analysis is:

• A)Increase Cash by $900 increase Accounts Receivable $300 and increase Revenue by $1200.
• B)Increase Cash by $900 and increase Revenue by $900.
• C)Decrease Accounts Payable by $300 increase Revenue by $900 and increase Cash by $1200.
• D)Increase Accounts Accounts Receivable $1200 and increase Revenue $1200.

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Definitions:

S-T Segment

The portion of an ECG tracing between the S and T waves, often analyzed for indications of heart conditions.

Forced Vital Capacity

The total volume of air that can be forcibly exhaled from the lungs after taking the deepest breath possible.

Lungs

Pair of respiratory organs in the chest of vertebrates where blood is oxygenated and carbon dioxide is removed.

Air

The invisible gaseous substance surrounding the earth, a mixture mainly of oxygen and nitrogen.