Use This Information to Answer the Following Question $\$ 800$

question 40

Multiple Choice

Use this information to answer the following question. Chupka Company experienced the following events during the period:
1. A tabulation of invoices at the end of the day showed $\$ 800$ in MasterCard invoices, which were deposited in a bank account at full value less a 5 percent discount.

2.Made a sale on American Express card for $\$ 400$ and mailed invoice to American Express for payment. The discount charged by American Express is 4 percent. The entry to record transaction 2 would include a(n)

• A) increase in Accounts Receivable for $400.
• B) increase in Sales for $400.
• C) decrease in Credit Card Expense for $16.
• D) decrease in Cash for $384.

---

Definitions:

Monitoring Function

The process of continuously observing and evaluating performance or progress to ensure goals are being met and to identify any need for corrective action.

Fast-Paced Environment

characterizes situations or workplaces where decisions need to be made quickly, and actions are executed rapidly to adapt to changing circumstances.

Leadership Action

Specific steps or initiatives taken by someone in a leadership position to guide, influence, or direct others or the course of events.

Communications Director

A professional role responsible for overseeing and guiding an organization's internal and external communication strategy.