Use the Selected Accounts for Copper Corp $\begin{array}{lr|} & {\text { CASH }} \\\hline 8 / 1 \text { Balance } & 6,000 \\8 / 3 & 500 \\8 / 5 & 400 \\8 / 7 & 900\end{array}$

question 157

Multiple Choice

Use the selected accounts for Copper Corp.presented below to answer the following question(s) . $\begin{array}{lr|} & {\text { CASH }} \\\hline 8 / 1 \text { Balance } & 6,000 \\8 / 3 & 500 \\8 / 5 & 400 \\8 / 7 & 900\end{array}$$\begin{array}{l}\text { ACCOUNTS RECEIVABLE }\\\begin{array}{ll|ll}\hline 8 / 2 & 1,800 & 8 / 7 & 900\end{array}\end{array}$

$\text { DEPOSITS RECEIVED IN ADVANCE }$
$\begin{array}{l}\text { (A Liability Account) }\\\begin{array}{r|rr}\hline &8/3&500 \\\end{array}\end{array}$$\begin{array}{l}\text { SALES }\\\begin{array}{r|rr}\hline 8 / 2 & 1,800 \\8 / 5 & 400\end{array}\end{array}$ ​
-Read the information on Copper Corp. On which date did the country club collect an advance deposit?

• A) August 2
• B) August 3
• C) August 5
• D) August 7