Selected Accounts at July 31 Are Provided Below

question 121

Multiple Choice

Selected accounts at July 31 are provided below:

-Refer to Hesson Properties. What journal entry is required to record the collections on account from customers?

• A)Cash 500 Accounts Receivable 500
• B)Accounts Receivable 500 Service Revenue 500
• C)Accounts Payable 500 Cash 500
• D)Service Revenue 500 Cash 500

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Definitions:

Supply Chain Excellence

Refers to the strategic achievement of optimizing supply chain processes to ensure efficiency, cost-effectiveness, and customer satisfaction.

Modes

Different methods or means of transportation, communication, or operation.

Specialized Services

Custom or niche services offered to address specific needs of a particular customer segment or market.

3PL Study

An examination or research focused on third-party logistics providers, covering aspects like efficiency, services, and impact on supply chains.