Mix Recording Studios Purchased $7,800 in Electronic Components from TechCom $\begin{array}{|l|r|r|}\hline \text { Accounts Receivable } & 7,800 & \\\hline \text { Sales } & & 7,800 \\\hline\end{array}$

question 20

Multiple Choice

Mix Recording Studios purchased $7,800 in electronic components from TechCom.Mix Recording Studios signed a 60-day,10% promissory note for $7,800.TechCom's journal entry to record the sales portion of the transaction is:

• A) \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 7,800 & \\
• \hline \text { Sales } & & 7,800 \\
• \hline
• \end{array}\)
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable } & 7,930 & \\
• \hline \text { Sales } & & 7,930 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | c | r | r | }
• \hline \text { Notes Receivable } & 7,800 & \\
• \hline \text { Sales } & & 7,800 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Notes Receivable } & 7,930 & \\
• \hline \text { Sales } & & 7,930 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | r | r | }
• \hline \text { Notes Receivable } & 7,800 & \\
• \hline \text { Interest Receivable } & 130 & \\
• \hline \text { Sales } & & 7,930 \\
• \hline
• \end{array}\]

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Definitions:

Groupthink

An occurrence within groups where the suppression of dissenting viewpoints and the pressure to conform lead to a decrease in critical evaluation of decisions.

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