Assume That on December 1,a Note Which Has a Face $\begin{array}{llr} \text { Notes receivable} &1,000\\ \text { Cash } &&1,000\\\end{array}$

question 169

Multiple Choice

Assume that on December 1,a note which has a face value of $1,000,bears interest at 6 percent for 90 days,received from a customer as an extension of his of past - due account is honored on due date.The entry that would be made to record the receipt on due date (ignoring interest) is:

• A)
• \(\begin{array}{llr}
• \text { Notes receivable} &1,000\\
• \text { Cash } &&1,000\\
• \end{array}\)
• B)
• \(\begin{array}{llr}
• \text {Accounts receivable } &1,000\\
• \text { Cash } &&1,000\\
• \end{array}\)
• C)
• \(\begin{array}{llr}
• \text { Accounts receivable } &1,000\\
• \text { Notes receivable } &&1,000\\
• \end{array}\)
• D)
• \(\begin{array}{ll}
• \text { Cash } & 1,000 \\
• \text { Notes receivable }&& 1,000
• \end{array}\)

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Definitions:

Vacancy Model

A theoretical framework used to explain the dynamics of job vacancies within an organization, often focusing on the causes and effects of these vacancies.

Top-Down

A management style or approach where decisions are made at the highest levels of the organization and then transmitted down the hierarchy.

Linear Model

A representation or approach that assumes a straight-line relationship between variables, often used in statistics and forecasting.

Hierarchical Level

A ranking system within an organization where positions are placed in levels of importance and authority from the highest to the lowest.