A $100,000 Sale Transaction Is Made with Terms of 5/10

question 41

Multiple Choice

A $100,000 sale transaction is made with terms of 5/10, net 30. What entry is made to the accounts receivable account when the sale is made under the net method of recording a discount?

• A)$95,000 credit
• B)$95,000 debit
• C)$100,000 credit
• D)$100,000 debit

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Definitions:

Transference

A phenomenon in psychoanalysis where patients project feelings about important people in their lives onto the therapist.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud, focusing on the unconscious mind, early childhood experiences, and dream interpretation.

Disordered Emotions

Emotional states that are dysregulated, extreme, or inappropriate, often associated with psychological disorders.

Gestalt Therapy

A therapy that was originated by Fritz Perls and that emphasizes the importance of clients’ fully experiencing, in the present moment, their feelings, thoughts, and actions and then taking responsibility for them.