Which of the Following Is the Appropriate Journal Entry If

question 41

Multiple Choice

Which of the following is the appropriate journal entry if a company performs a service and is paid immediately?

• A)Debit to Cash,debit to Service Revenue.
• B)Debit to Cash,credit to Service Revenue.
• C)Debit to Accounts Receivable,credit to Cash.
• D)Debit to Service Revenue,credit to Accounts Receivable.
• E)Debit to Accounts Receivable,credit to Service Revenue.

Understand optimal resource allocation to maximize profits.

Calculate the financial impact of inventory decisions, including overstocking and understocking costs.

Apply theoretical concepts to determine optimal production levels based on demand forecasts.

Analyze methods to reduce demand uncertainty in managerial decisions.

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Definitions:

Nicolaus Copernicus

A Renaissance mathematician and astronomer who proposed the heliocentric model of the universe, placing the Sun, not the Earth, at the center.

Sun

The star at the center of our solar system, which provides light and heat to Earth, enabling life.

Dualism

The philosophical or religious belief that reality consists of two fundamental entities, such as mind and matter, or good and evil.

Nonmaterial Realm

A concept or domain that is not physical or tangible, often associated with spiritual or intellectual aspects.