Censing Company Collected $5,000 from a Customer on Account

question 34

Multiple Choice

Censing Company collected $5,000 from a customer on account.What journal entry will be prepared by Censing to record this transaction?

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

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Definitions:

Preparedness

A predisposition to develop certain fears.

Stimulus Generalization

A phenomenon in which responses to one stimulus are also produced by similar stimuli.

Modeling

The process of learning by observing and imitating the behavior of others.

Exposure Technique

A therapeutic method used in treating anxiety disorders that involves the gradual exposure of a patient to their feared object, situation, or thought without any danger, to overcome their anxiety.