A Business Renders Services for $16,000 and Collects Cash from the Customer.Which

question 60

Multiple Choice

A business renders services for $16,000 and collects cash from the customer.Which account is debited?

• A) Cash
• B) Accounts receivable
• C) Service revenue
• D) Accounts payable

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Definitions:

Researchers

Individuals who conduct systematic investigations to establish facts or principles or to collect information on a subject.

Positively Skewed

A positively skewed distribution is one in which most of the data points are concentrated on the left, with the tail extending to the right.

Negatively Skewed

Describes a distribution of values where the tail on the left side of the probability density function is longer or fatter than the right side, indicating a majority of the data lies to the right of the mean.

Frequency Polygon

Line graph that uses data points to represent the frequency of each value of a variable.