A Company Provided $12,000 of Consulting Services,and Was Immediately Paid $$\begin{array} { | l | r | l | } \hline \text { Accounts receivable } & 12,000 & \\\hline \text { Cash } & & 12,000 \\\hline\end{array}$$

question 83

Multiple Choice

A company provided $12,000 of consulting services,and was immediately paid in cash by the customer.Identify the journal entry below that properly records this transaction.

• A) \[\begin{array} { | l | r | l | }
• \hline \text { Accounts receivable } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | l | }
• \hline \text { Cash } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | l | }
• \hline \text { Consulting services revenue } & 12,000 & \\
• \hline \text { Cash } & & 12,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | l | }
• \hline \text { Accounts payable } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | r | l | }
• \hline \text { Accounts receivable } & 12,000 & \\
• \hline \text { Consulting services revenue } & & 12,000 \\
• \hline
• \end{array}\]

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Definitions:

Annual Review

A yearly evaluation, often in the context of employment, where an individual's performance, achievements, and goals are assessed.

Performance Standards

Benchmarks established to measure and evaluate the effectiveness and efficiency of an employee's work output or organizational processes.

Test-retest Reliability

A measure of the consistency of a psychological test or assessment over time, indicating the stability of scores upon repeated applications of the test under similar conditions.

Consistency

The quality of achieving a uniform, standard performance or outcome over time, often considered important in both personal habits and organizational processes.