A Company Receives Payment from One of Its Customers on August

question 26

Multiple Choice

A company receives payment from one of its customers on August 5 for services performed on July 21.Which of the following entries would be recorded if the company uses accrual basis accounting?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Accounts Receivable } & & 1,000 \\
• \hline
• \end{array}\]
• B) \(\begin{array}{|l|r|c|}
• \hline \text { Accounts Payable } & 1,000 & \\
• \hline \text { Cash } & & 1,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|l|}
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Service Revenue } & & 1,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array}{|l|r|c|}
• \hline \text { Service Revenue } & 1,000 & \\
• \hline \text { Cash } & & 1,000 \\
• \hline
• \end{array}\)

Understand how to effectively use open-ended, closed-ended, and leading questions.

Grasp the responsibilities of a paralegal in the context of interviews.

Comprehend the impact of non-verbal communication in interviews.

Acknowledge the importance of flexibility and adapting strategies during an interview.

---

Definitions:

Bulges Of Fat

Localized areas of excess fatty tissue often appearing in specific parts of the body, such as the abdomen or thighs.

Plant Foods

Food derived from plants, including vegetables, fruits, grains, nuts, and seeds, often associated with a range of health benefits.

Dairy Products

Food products made from milk, including cheese, yogurt, and butter.

Safe Food Handling

Practices aimed at preventing foodborne illnesses by properly preparing and storing food.