A Company Received $75,000 from a Customer "On Account

question 116

Multiple Choice

A company received $75,000 from a customer "on account." The journal entry would be to:

• A) debit Accounts receivable and credit Sales revenue.
• B) debit Accounts receivable and credit Cash.
• C) debit Cash and credit Accounts receivable.
• D) debit Sales revenue and credit Accounts receivable.

Learn about the implications of rapid brain growth and critical developmental phenomena such as transient exuberance and pruning on cognitive and physical development.

Comprehend the development and refining of gross and fine motor skills through infancy and early childhood.

Understand sensory experiences and their impact on early developmental stages.

Recognize the risks and potential consequences of physical trauma to developmental processes during infancy.

---

Definitions:

Standard Of Living

The amount of affluence, convenience, physical assets, and essential services available to a particular economic group or region.

Specialized Labor

Workforce that has a high level of expertise, training, or education in specific fields or occupations, enabling them to perform tasks more efficiently.

Self-Sufficient

The ability of an individual or economy to meet all their needs without external assistance.

Exchange

The act of giving one thing and receiving another in return, often referring to the trading of goods, services, or currencies.