Paoli Pizza Bought $5,000 Worth of Merchandise from TechCom and Signed

question 64

Multiple Choice

Paoli Pizza bought $5,000 worth of merchandise from TechCom and signed a 90-day,10% promissory note for the $5,000.TechCom's journal entry to record the sales portion of the transaction is:

• A)
• \(\begin{array}{|l|r|r|}
• \hline \text { Accounts Receivable } & 5,000 & \\
• \hline \text { Sales } & & 5,000 \\
• \hline
• \end{array}\)
• B)
• \[\begin{array} { | c | r | r | }
• \hline \text { Notes Receivable } & 5,000 & \\
• \hline \text { Sales } & & 5,000 \\
• \hline
• \end{array}\]
• C)
• \[\begin{array} { | c | r | r | }
• \hline \text { Accounts Receivable } & 5,125 & \\
• \hline \text { Sales } & & 5,125 \\
• \hline
• \end{array}\]
• D)
• \[\begin{array} { | c | r | r | }
• \hline \text { Notes Receivable } & 5,125 & \\
• \hline \text { Sales } & & 5,125 \\
• \hline
• \end{array}\]
• E)
• \[\begin{array} { | l | r | r | }
• \hline \text { Notes Receivable } & 5,000 & \\
• \hline \text { Interest Receivable } & 125 & \\
• \hline \text { Sales } & & 5,125 \\
• \hline
• \end{array}\]

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Definitions:

Chronic Inflammation

A long-term and often persistent inflammatory response where the body continually attempts to fight perceived internal threats, which can lead to various diseases and health issues.

Arthritis

Arthritis is an umbrella term for conditions that cause inflammation and pain in one or more joints.

Osteoporosis

A condition characterized by weakened bones that are more prone to fracture, typically due to loss of bone density and mass.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting many joints, including those in the hands and feet, characterized by joint pain, swelling, and stiffness.