On July 3, the ABC Company Received $865 in Cash

question 90

Multiple Choice

On July 3, the ABC Company received $865 in cash on account from customers. The correct journal entry to record this transaction is:

• A)debit Cash, $865; credit Accounts Receivable, $865
• B)debit Accounts Receivable, $865; credit Cash, $865
• C)debit Cash, $865; credit Accounts Payable, $865
• D)debit Cash, $865; credit Income from Services, $865

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Definitions:

Targeted Recruitment

A hiring strategy focusing on identifying and attracting candidates from specific groups, backgrounds, or skill sets that meet the precise needs of the organization.

Employment Inequities

Unfair differences in work opportunities, pay, and conditions, often based on gender, race, age, or other discriminatory factors.

Designated Groups

Refers to specific groups of people recognized for affirmative action or equity programs, typically including women, indigenous peoples, persons with disabilities, and members of visible minorities.

Canadian Human Rights Act

A federal statute in Canada that prohibits discrimination on the basis of race, nationality, sex, disability, and other grounds.