Jax Recording Studio Purchased $7,800 in Electronic Components from Music

question 72

Multiple Choice

Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,800.
-Music World's journal entry to record the collection on the maturity date is:

• A) Debit Notes Receivable $8,008; credit Cash $7,904; credit Interest Revenue $104
• B) Debit Cash $7,904; credit Notes Receivable $7,904
• C) Debit Accounts Receivable $7,904; credit Notes Receivable $7,800; credit Interest Receivable $104
• D) Debit Cash $7,800; credit Accounts Receivable $7,800
• E) Debit Cash $7,904; credit Notes Receivable $7,800; credit Interest Revenue $104

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Definitions:

Therapeutic Factors

Elements within therapy that contribute to its effectiveness, including techniques employed by the therapist and the therapeutic environment.

Therapeutic Methods

Diverse techniques and approaches used in therapy to treat psychological problems and disorders, aiming to improve mental health and well-being.

Interpersonal Therapeutic Factors

Elements within therapeutic relationships that contribute to healing and growth, such as empathy, trust, and mutual respect.

Premature Termination

The ending of a process or service earlier than planned or before its natural conclusion, often used in the context of therapy or contracts.