Accounts Receivable Has a Normal Balance of $1,100

question 108

Multiple Choice

Accounts Receivable has a normal balance of $1,100.After collecting $800,the balance in the account is:

• A)debit $300.
• B)debit $1,900.
• C)credit $300.
• D)credit $1,900.

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Definitions:

Normative Social Influence

The influence of other people that leads us to conform in order to be liked and accepted by them.

Group

A collection of individuals who interact with each other, usually sharing common goals or interests.

Normative Social Influence

How others impact us, driving us to adapt our behaviors to achieve their liking and acceptance.

Honor Student

A student recognized for achieving high grades or excellence in their academic performance.