Lush Lawns Company Earned $1,000 for Lawn Mowing Services Rendered

question 155

Multiple Choice

Lush Lawns Company earned $1,000 for lawn mowing services rendered.The customer promised to pay at a later time.Which of the following accounts increased as a result of this transaction?

• A)Accounts Payable
• B)Supplies
• C)Cash
• D)Accounts Receivable

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Definitions:

Developing Countries

Nations with lower levels of industrialization, lower standards of living, and, generally, lower Human Development Index scores than developed countries.

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, typically through increasing levels of income, education, and health.

Positive Roles

The beneficial impacts or functions that entities or individuals have within systems, contributing to overall well-being or success.

World Bank

The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.