A Company That Uses the Perpetual Inventory System Sold $1,000 $$\begin{array} { | c | r | r | } \hline \text { Cost of goods sold } & 1,000 & \\\hline \text { Sales revenue } & & 1,000 \\\hline\end{array}$$

question 100

Multiple Choice

A company that uses the perpetual inventory system sold $1,000 of goods to a customer for cash.Which of the following journal entries correctly records the Sales revenue?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Cost of goods sold } & 1,000 & \\
• \hline \text { Sales revenue } & & 1,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Sales revenue } & & 1,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts receivable } & 1,000 & \\
• \hline \text { Cash } & & 1,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Inventory } & 1,000 & \\
• \hline \text { Sales revenue } & & 1,000 \\
• \hline
• \end{array}\]

Relate to Innis's theories of communication and the ability of modern generations to transcend space.

Evaluate the sociological perspectives on the impact of mobile technologies on community and social interactions.

Appreciate the potential of new media technologies to challenge existing power structures and facilitate social change.

Analyze the business-driven motives of media companies through the lens of the propaganda model.

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Definitions:

Left-Brain Dominant

Describes individuals who tend to be more analytical, logical, and detail-oriented, often excelling in tasks involving language and mathematics.

Logical

Pertaining to or characterized by clear, sound reasoning.

Abstractly

Thinking about something in a way that is not concrete or bound to tangible objects but rather in terms of ideas or concepts.

ABC Method

A prioritization technique used in time management where tasks are categorized into three groups (A, B, C) based on their importance and urgency.