One of the Customers of Metro Roofing, Inc

question 29

Multiple Choice

One of the customers of Metro Roofing, Inc. paid $400 on her bill. The journal entry that Metro Roofing, Inc. would record is:

• A)debit Accounts Receivable and credit Sales.
• B)debit Cash and credit Sales.
• C)debit Accounts Receivable and credit Cash.
• D)debit Cash and credit Accounts Receivable.

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Definitions:

PERT

The Program Evaluation and Review Technique is a tool for managing projects that helps in the scheduling, organization, and coordination of various project tasks.

Critical Path

The sequence of stages determining the minimum time needed to complete a project, where any delay affects the project's finish date.

Variance

A statistical measure that represents the dispersion or spread of a set of numbers, indicating how far each number in the set is from the mean.