Joel Consulting Received $3,000 from a Customer for Services Provided

question 149

Multiple Choice

Joel Consulting received $3,000 from a customer for services provided. Joel's general journal entry to record this transaction will be:

• A) Debit Cash, credit Accounts Receivable.
• B) Debit Accounts Payable, credit Services Revenue.
• C) Debit Services Revenue, credit Accounts Receivable.
• D) Debit Cash, credit Accounts Payable.
• E) Debit Cash, credit Services Revenue.

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Definitions:

Risk-Free Rate

The theoretical rate of return of an investment with no risk of financial loss, often represented by the yield on government bonds.

Optimal Risky Portfolio

An investment portfolio that offers the highest expected return for a given level of risk or the lowest risk for a given level of expected return.

Beta

A measure of a security's volatility in relation to the overall market, indicating the security's risk compared to the market average.

Sensitive

Quick to detect or respond to slight changes, signals, or influences.