Smith Technical Services Is Working on a Six-Month Job for a Client

question 141

Multiple Choice

Smith Technical Services is working on a six-month job for a client, starting February 1. They will collect $30,000 from their customer when the job is finished. On March 1, their Accounts Receivable account had a debit balance of $5,000. At the end of March, after monthly adjusting entries have been made, what will be the balance in Accounts Receivable?

• A)Debit balance of $5,000
• B)Credit balance of $25,000
• C)Debit balance of $10,000
• D)Debit balance of $30,000

---

Definitions:

Employment Principle

Fundamental beliefs or policies guiding the recruitment, treatment, and management of employees.

Harassing Conduct

Behavior that is threatening, disturbing, or constant and creates a hostile or intimidating environment, typically in the workplace or online.

Harassment

Inappropriate behavior that undermines the respect of both males and females in the workplace, potentially creating an unwelcoming atmosphere for work.

Federal Agencies

Organizations established by the federal government of the United States to perform specific functions and duties, including law enforcement, environmental protection, and social services.