Goofy Golf, Sells High-Quality Golf Clubs $\begin{array} { c c } \text { Accounts Receivable } & 2,000 \\\text { Sales Revenue } & 2,000\end{array}$

question 6

Multiple Choice

Goofy Golf, sells high-quality golf clubs. On May 9, Goofy Golf sold five sets of golf clubs at a price of $500 each. Each set was sold for $100 cash and the rest on credit. On June 9, Goofy Golf collected the rest of the cash on the sale. The journal entry to record the collection of cash on June 9 is

• A)
• \(\begin{array} { c c }
• \text { Accounts Receivable } & 2,000 \\
• \text { Sales Revenue } & 2,000
• \end{array}\)
• B)
• \(\begin{array}{lll}
• \text { Cash } & 2,000 & \\
• \text { Sales Revenue } & & 2,000
• \end{array}\)
• C)
• \(\begin{array}{l}
• \text { Cash } \quad 2,000 \\
• \text { Accounts Receivable } \quad 2,000 \\
• \end{array}\)
• D)
• \(\begin{array} { l r }
• \text { Accounts Receivable } & 2,000 \\
• \text { Cash } & 2,000
• \end{array}\)

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Definitions:

Intrinsic Pleasure

A sense of satisfaction or joy derived from engaging in an activity for its own sake, rather than for some external reward.

Intrinsic Satisfaction

A sense of fulfillment or joy derived from within oneself, not dependent on external factors.

Extrinsic Rewards

Rewards that come from outside an individual, such as money, praise, or awards, which motivate behavior.

Self-Efficacy

A person’s belief that he or she is capable of producing desired results, such as mastering new skills and reaching goals.