A Customer Purchased $1,500 of Services on Credit Two Months

question 11

Multiple Choice

A customer purchased $1,500 of services on credit two months ago and has just paid the bill.The receipt of the payment from the customer is recorded as a

• A)debit to Cash and a credit to Accounts Receivable.
• B)debit to Cash and a credit to Inventory.
• C)debit to Expenses and a credit to Revenue.
• D)debit to Accounts Receivable and a credit to Retained Earnings.

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Definitions:

Minor Stresses

Small, day-to-day stresses that, although individually manageable, can accumulate over time and affect mental health and well-being.

Cumulative Effects

The overall impact that results when multiple factors or events accumulate over time, often seen in environmental, health, or social contexts.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to contribute to their community.

Acute Stressor

A sudden and intense event or situation that triggers stress.