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:

European Army

A hypothetical or proposed unified armed forces entity representing the collective military capabilities of European Union member states.

Abyssinia

Abyssinia is the historical name for the Ethiopian Empire, a kingdom in the Horn of Africa known for its ancient culture and resistance to colonial conquest.

British Government

The central government of the United Kingdom, consisting of the monarch, the Parliament, and the executive, responsible for national policy and administration.

Boers

Descendants of the Dutch-speaking settlers of the Cape Colony in southern Africa during the 17th and 18th centuries, known for their role in the Boer Wars against British rule.