A Service Company Receives a Check from a Customer as Partial

question 41

Multiple Choice

A service company receives a check from a customer as partial payment of his account balance.This transaction does not involve the sale of additional services.How should the entry be recorded?

• A)Debit Cash and credit Accounts Receivable.
• B)Debit Cash and credit Sales Revenue.
• C)Debit Accounts Receivable and credit Cash.
• D)Debit Cash and credit Deferred Revenue.

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Definitions:

Bipolar Disorder

A mental health condition that causes extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Depression

A mental health issue denoted by perpetual melancholy or lack of interest in normal endeavors, greatly obstructing daily performance.

Mania

A mental health condition characterized by periods of extreme euphoria, heightened energy, and, in some cases, delusions or hallucinations, typically seen in bipolar disorder.

Schizophrenia

Schizophrenia is a severe mental disorder characterized by distorted thinking, perceptions, emotions, language, sense of self, and behavior.