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

question 123

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 1 would include an increase in

• A) Credit Card Expense for $40.
• B) Sales for $760.
• C) Cash for $800.
• D) Accounts Receivable for $760.

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Definitions:

Auditory Perception

The process by which the brain interprets and makes sense of sound signals received by the ears.

Visual-Spatial Relationships

The understanding of how objects or symbols relate to each other in space, including their shapes, sizes, and positions.

Somatosensory Cortex

The strip of tissue at the front of the parietal lobes where touch, pressure, temperature, and pain register in the cerebral cortex.

Unilateral Neglect

A neurological condition resulting from brain damage where a patient is unable to attend to or respond to stimuli on one side of the body or space.