Sales Revenue for a Sporting Goods Store Amounted to $215,000

question 76

Multiple Choice

Sales revenue for a sporting goods store amounted to $215,000 for the current period.All sales are on account and are subject to a sales tax of 7%.Which of the following would be included in the journal entry to record these sales?

• A) A debit to Sales revenue for $215,000
• B) A credit to Accounts receivable for $215,000
• C) A debit to Sales tax payable for $15,050
• D) A debit to Accounts receivable for $230,050

Understand the concept of attachment in infant development, specifically the role of the strange-situation test in measuring attachment security.

Recognize the stages of cognitive development in infants and young children, including the acquisition of schemas, assimilation, and accommodation.

Identify the impact of prenatal exposure to harmful substances on infant development and health.

Describe the characteristics of various attachment styles (secure, avoidant, ambivalent) and their manifestation in child behavior.

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Definitions:

NYSE

The New York Stock Exchange, one of the largest stock exchanges in the world, where stocks are bought and sold.

Working Capital Management

The management of a company's current assets and liabilities to ensure it has sufficient cash flow to meet its short-term obligations and operating expenses.

Sole Proprietorship

A business structure wherein a single individual owns and operates the business, directly responsible for all debts, obligations, and liabilities.

Personal Assets

Assets owned by an individual, including real estate, bank accounts, investments, and personal property.