A Company Provided $12,000 of Consulting Services, and Was Immediately $\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}$

question 232

Multiple Choice

A company provided $12,000 of consulting services, and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | c | c | }
• \hline \text { Cash } & 12,000 \\
• \hline \text { Consulting services reverue } & & 12,000\\
• \hline
• \end{array}\)
• C) \(\begin{array} { | l | l | l | }
• \hline \text { Consultirg services reverue } & 12,000 \\
• \hline \text { Cash } & & 12,000\\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts payable } & 12,000 & \\
• \hline \text { Consulting servicesrevenue } & & 12,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts receivable } & 12,000 & \\
• \hline \text { Consulting servicesrevenue } & & 12,000 \\
• \hline
• \end{array}\)

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Definitions:

Deterrence

A theory or strategy aimed at discouraging someone from taking an undesirable action by instilling fear of the consequences.

Rehabilitation

An approach to punishment that attempts to reform criminals as part of their penalty.

Incapacitation

A criminal justice theory aimed at reducing crime by detaining or restricting the movements of convicted offenders to prevent them from committing further offenses.

Stereotype Promise

A concept suggesting that positive stereotypes about a group can lead to increased performance and outcomes for individuals within that group.