Forever Jewelers Uses the Perpetual Inventory System $$\begin{array} { | c | r | r | } \hline \text { Sales Revenue } & 5,940 & \\\hline \text { Accounts Receivable } & & 5,940 \\\hline\end{array}$$

question 32

Multiple Choice

Forever Jewelers uses the perpetual inventory system.On April 2,Forever sold merchandise with a cost of $1,500 for $6,000 to a customer on account with terms of 1/15,n/30.Which of the following journal entries correctly records the sales revenue?

• A) \[\begin{array} { | c | r | r | }
• \hline \text { Sales Revenue } & 5,940 & \\
• \hline \text { Accounts Receivable } & & 5,940 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Sales Revenue } & 5,940 & \\
• \hline \text { Cost of Goods Sold } & & 5,940 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 1,500 & \\
• \hline \text { Sales Revenue } & & 1,500 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 5,940 & \\
• \hline \text { Sales Revenue } & & 5,940 \\
• \hline
• \end{array}\]

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Definitions:

Gonorrhea

An STI caused by the Neisseria gonorrhoeae bacterium.

Causal Agent

A factor that directly influences the occurrence of a disease or condition, such as bacteria or viruses in infections.

Autoimmune Factor

Involves the body's immune system attacking its own cells, tissues, or organs, leading to various diseases and conditions.

"The Clap"

A slang term for gonorrhea, a sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae.