Trimble Graphic Design Receives $1,500 from a Client Billed in a Previous

question 157

Multiple Choice

Trimble Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Trimble Graphic Design make to record this transaction?

• A) \(\begin{array} { | c | c | c | }
• \hline \text { Cash } & 1,500 & \\
• \hline \text { Accounts Receivable } & & 1,500 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | c | c | }
• \hline \text { Cash } & 1,500 & \\
• \hline \text { Unearned Desigrn Revenue } & & 1,500 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | c | c | }
• \hline \text { Accounts Receivable } & 1,500 & \\
• \hline \text { Unearned Design Revenue } & & 1,500 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | r | r | }
• \hline \text { Cash } & 1,500 & \\
• \hline \text { Design Reverus } & & 1,500 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 1,500 & \\
• \hline \text { Cash } & & 1,500 \\
• \hline
• \end{array}\)

Prepare for job interviews, including responses to illegal or inappropriate questions.

Appreciate the role and responsibilities of preceptors during applied training.

Recognize the importance of professional appearance and acceptable behaviors in clinical areas.

Understand the process of professional evaluation and the benefits of active participation in professional organizations.

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Definitions:

Raw Materials

Fundamental substances that are transformed through manufacturing processes into a final product, essential components in production.

Variable Manufacturing Overhead

Costs in the manufacturing process that fluctuate with production volume, such as utilities or materials used only in production.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company.

Cash Account

An account that records all transactions made in cash, including receipts and payments.