Beetles Company Recorded the Following Journal Entry on March 2,2016

question 56

Multiple Choice

Beetles Company recorded the following journal entry on March 2,2016.

From the journal entry above,identify the transaction on March 2,2016.

• A)Beetles purchased goods worth $10,500 and signed a one-year note for the same.
• B)Beetles sold goods for $10,500 cash.
• C)Beetles received $10,500 for services to be performed in a later period.
• D)Beetles paid $10,500 for services to be received at a later date.

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Definitions:

Unauthorized Immigrants

Individuals residing in a country without the legal permission of the government, often referred to as undocumented immigrants.

United States

A federal republic in North America comprised of 50 states, a federal district, and various territories, known for its significant influence on global affairs.

Stable

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Civil Rights Movement

A mid-20th century social and political movement in the United States aimed at ending racial segregation and discrimination against African Americans, leading to significant legal and social changes.