Smith Technical Services Is Working on a Six-Month Job for a Client,starting

question 27

Multiple Choice

Smith Technical Services is working on a six-month job for a client,starting on 1 February.They will collect $20,000 from their customer when the job is finished.On 1 March,their Accounts receivable account had a debit balance of $4000.At the end of March,after monthly adjusting entries have been made,what will be the balance in Accounts receivable?

• A)Debit balance of $3333
• B)Debit balance of $7333
• C)Credit balance of $16,667
• D)Debit balance of $20,000

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Definitions:

Resonance Contributors

Describes the various Lewis structures that represent a molecule's bonding and electron arrangement, highlighting how electrons can delocalize across the molecule.

Carbocation Intermediate

A positively charged ion (cation) characterized by the presence of a carbon atom having only six electrons in its valence shell, often occurring in organic reactions.

Resonance Contributors

Structures that depict the delocalization of electrons within a molecule, showing different possible configurations without changing the placement of atoms.

Major Products

In chemical reactions, the major products are the substances produced in the greatest amount, determined by the reaction conditions and mechanism.