Simplify Each Term, If Necessary, and Then Use the Distributive

question 40

Multiple Choice

Simplify each term, if necessary, and then use the distributive property to combine terms, if possible.

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Definitions:

Partial Payment

A payment made that is not the full amount owed at the time, typically agreed upon in advance between debtor and creditor.

Cash Receipts Journal

A specialized accounting journal that tracks all cash inflows or money received by a business.

Sales Journal

A specialized accounting journal used to record all sales made by a business on credit.

Sales Journal

A specialized accounting journal used to record all sales of merchandise on credit.