Sara, a Customer, Purchased $500 of Merchandise from Tammy's Store

question 22

Multiple Choice

Sara, a customer, purchased $500 of merchandise from Tammy's store. Under the perpetual inventory system, Tammy will record a:

• A) debit to Accounts Receivable or to Cash for $500.
• B) credit to Accounts Receivable or to Cash for $500.
• C) credit to Cost of Goods Sold for $500.
• D) debit to Sales for $500.
• E) debit to Inventory for $500.

Understand the emotional impacts of guilt, humiliation, and how they relate to social behavior.

Recognize the limitations of human ability to detect lies and the implications for law enforcement and judicial processes.

Explain the relationship between creativity and dishonesty.

Understand the concept and consequences of identity theft.