Techno Technical Services Is Working on a Six-Month Job for a Client,starting

question 147

Multiple Choice

Techno Technical Services is working on a six-month job for a client,starting on February 1.It will collect $30,000 from its customer when the job is finished but the revenue is earned evenly over the six months.On March 31,before adjusting entries are made,Techno's Accounts Receivable account had a debit balance of $6,000.After the March 31 monthly adjusting entry has been made,what will be the balance in Accounts Receivable?

• A)Debit balance of $5,000
• B)Credit balance of $25,000
• C)Debit balance of $11,000
• D)Debit balance of $30,000

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Definitions:

Diene

Organic compounds containing two double bonds, often involved in polymerization and other chemical reactions.

Dienophile

A compound that has an affinity for bonding with dienes (molecules with two double bonds) in a Diels-Alder reaction, typically featuring an electron-deficient double or triple bond.

Major Organic Product

The principal product formed in the highest yield during a chemical reaction involving organic compounds.

Diene

A compound of organic nature featuring two double bonds, frequently participating in the processes of polymerization and various chemical reactions.