A Business Has the Following Transactions: the Business Receives $16,000 $$\begin{array} { r | l l } 3,000 & 14,000 & \\\hline & 11,000 \quad \text { Bal. }\end{array}$$

question 73

Multiple Choice

A business has the following transactions: The business receives $16,000 cash and issues common stock to stockholders.
The business purchases $500 of office supplies on account.
The business purchases $1,000 of furniture on account.
The business performs services for various clients totaling $14,000 on account.
The business pays $3,000 for salaries expense and $5,000 for rent expense.
The business pays $500 to a supplier for the office supplies purchased earlier.
The business collects $3,000 from one of its clients for services rendered earlier in the month.
At the end of the month, all journal entries are posted to the ledger. Accounts Receivable will appear as which of the following?

• A) Accounts Receivable \[\begin{array} { r | l l }
• 3,000 & 14,000 & \\
• \hline & 11,000 \quad \text { Bal. }
• \end{array}\]
• B) Accounts Receivable \[\begin{array} { l l | l }
• & 14,000 & \\
• \hline \text { Bal. } & 14,000 &
• \end{array}\]
• C) Accounts Receivable \[\begin{array} { l l | l }
• & 14,000 & 3,000 \\
• \hline \text { Bal. } & 11,000 &
• \end{array}\]
• D) Accounts Receivable \[\begin{array} { r | r r }
• 14,000 & 3,000 & \\
• \hline & 11,000 \quad \text { Bal. }
• \end{array}\]

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Definitions:

Humanistic Perspectives

A psychological approach that emphasizes the study of the whole person and the uniqueness of each individual's experience, focusing on self-determination and free will.

Trait Theories

Theories in psychology focused on the identification and measurement of consistent personality characteristics and patterns of behavior.

Psychoanalytic Perspectives

A framework in psychology which posits that human behavior is a result of interactions among various unconscious psychological processes.

Conscientiousness

One of the five major personality traits, characterized by high levels of thoughtfulness, good impulse control, and goal-directed behaviors.