Which of the Following Journal Entries Is Prepared When a Customer

question 91

Multiple Choice

Which of the following journal entries is prepared when a customer pays cash prior to delivery of the goods or services?

• A) Cash
• \( \quad \)Revenues
• B) Cash
• \( \quad \)Unearned revenues
• C) Unearned revenues
• \( \quad \)\( \quad \)Cash
• D) Cash
• \( \quad \)Accounts receivable

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Definitions:

Feedback

Information returned to a person or system about the effects or outcomes of an action or decision, used for adjustment and improvement.

Aggregate Demand Curve

A curve representing the total demand for all goods and services in an economy at various price levels, holding everything else constant.

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, within a specified time period.

Monetary Policy

The process by which a country's central bank controls the supply of money in the economy, often targeting an inflation rate or interest rate to ensure economic stability and growth.