A Computer Manufacturer Recently Shipped Several Laptops to a Customer

question 6

Multiple Choice

A computer manufacturer recently shipped several laptops to a customer (cost: $25,000) and billed the customer $30,000.Which of the following options correctly expresses the accounts that are debited and credited to record this transaction?

• A)Debits: Accounts Receivable,Finished-Goods Inventory;credits: Sales Revenue,Cost of Goods Sold.
• B)Debits: Accounts Receivable,Cost of Goods Sold;credits: Sales Revenue,Finished-Goods Inventory.
• C)Debits: Sales Revenue,Cost of Goods Sold;credits: Accounts Receivable,Finished-Goods Inventory.
• D)Debits: Sales Revenue,Finished-Goods Inventory;credits: Accounts Receivable,Cost of Goods SolD.
• E)Debits: Accounts Receivable;credits: Finished-Goods Inventory,Profit on SalE.

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Definitions:

Employee Assistance Program

A work-based intervention program designed to assist employees in resolving personal problems that may impact their job performance, health, and well-being.

Burnout

A state of emotional, physical, and mental exhaustion caused by prolonged stress, typically from the workplace.

Eustress

Positive stress that results from engaging in challenges that are perceived as within one's ability to manage or overcome.

Distress

A state of emotional, mental, or physical strain or tension resulting from adverse or demanding circumstances.