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.

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Definitions:

Effective Communication

The ability to convey information to another effectively and efficiently.

Enunciating

The act of pronouncing words clear and distinctively.

Prevent Blindness

A public health initiative aimed at preventing blindness through education, research, and early detection practices.

Visual Impairments

A loss or reduction of vision that cannot be corrected with standard glasses or contact lenses.