On October 1, Mathis Company Entered into a Six-Month Contract \begin{array}{l}\text { Cash }&3,000\ \\\quad \text { Service Revenue }&3,000\\end{array}

question 8

Multiple Choice

On October 1, Mathis Company entered into a six-month contract with Lewis Company to provide custodial services on a daily basis. The terms of the contract state that the cost will be $3,000 per month and Mathis will bill Lewis at the end of every two months. If Mathis is a calendar year company, what is the appropriate adjusting entry at December 31?

• A)
• \(\begin{array}{l}
• \text { Cash }&3,000\ \\
• \quad \text { Service Revenue }&3,000\
• \end{array} \)
• B)
• \(\begin{array}{cc}
• \text { Accounts Receivable } & 3,000 \\
• \text { Service Revenue } & 3,000
• \end{array}\)
• C)
• Service Revenue \( \quad 3,000 \)
• Accounts Receivable \( \quad 3,000 \)
• D)
• \(\begin{array}{lr}
• \text { Accounts Receivable } & 3,000 \\
• \text { Cash } & 3,000
• \end{array}\)

Grasp the concept of memory consolidation and its significance for long-term memory formation.

Comprehend the effects of brain injuries on memory and ability to recall past events.

Explore the role of different brain structures in the process of memory retention and recall.

Analyze empirical research findings on memory, including fMRI studies and the work of key researchers in the field.

---

Definitions:

Proceeds

The total amount of money received from a transaction or event, such as the sale of assets or issuance of stock.

Commission Charges

Fees paid to agents or brokers for their services in facilitating transactions, usually calculated as a percentage of the transaction value.

Total Cost

The complete amount of money spent on a project or product, including all associated expenses such as manufacturing, labor, materials, and overhead.

Commission Charges

Fees levied by an agent or broker for their services in facilitating a sale or transaction.