On January 1, Wolfie's Supply Sold $222 Worth of Goods

question 89

Essay

On January 1, Wolfie's Supply sold $222 worth of goods to customer Abe Smith on account. On January 12, Wolfie's collected the amount from the customer. Please record the journal entry for the cash collection.

---

Definitions:

Cognitive System

The mental processes involved in perception, memory, judgement, and reasoning.

Automatic Behaviors

Actions that are performed without conscious thought as a result of learning, habituation, or innate mechanisms.

Experiential System

Refers to a way of processing information that is automatic, holistic, and driven by emotions and personal experience.

Automatized Behavior

Actions or behaviors that have become automatic due to repetition and are performed without conscious thought.