Martin Supply Service Received $1,000 Cash from a Customer Which

question 79

Multiple Choice

Martin Supply Service received $1,000 cash from a customer which was owed to the business from the previous month. Which of the following accounts would decrease as a result of this transaction?

• A)Cash
• B)Equity
• C)Accounts Payable
• D)Accounts Receivable

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Definitions:

Psychosexual Stage

Refers to the stages of childhood development in Freudian psychology, each characterized by different modes of obtaining pleasure from the psychosexual energy.

Erogenous

Zones or areas of the body that, when stimulated, produce sexual arousal and pleasure.

Psychodynamic Theory

Freudian theory that unconscious forces determine behavior.

Defense Mechanisms

In psychodynamic theory, unconscious mental strategies that the mind uses to protect itself from distress.