Hamilton Lawn Service Earned $1,000 for Services Rendered

question 68

Multiple Choice

Hamilton Lawn Service earned $1,000 for services rendered.The customer promised to pay at a later time.What is the effect on accounts?

• A) Accounts receivable decreases; Owner's capital increases.
• B) Cash and Accounts receivable both increase.
• C) Cash account increases; Accounts receivable decreases.
• D) Accounts receivable increases; Owner's capital increases.

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Definitions:

Teacher's Paradigm

This term refers to the set of beliefs, values, and practices that guides a teacher's actions in educational settings, influencing how they teach and interact with students.

Biophysical Explanations

Descriptions of phenomena or behaviors based on biological and physical principles and mechanisms.

Immediate Factors

Elements or conditions present in the direct environment that influence actions or outcomes without delay.

Psychosexual Stage

A concept in Freudian psychoanalysis that refers to the different stages of a child’s development, each characterized by a focus on pleasure from a specific body area.