A Consultant Performs Accounting Services for a Client on 30

question 5

Multiple Choice

A consultant performs accounting services for a client on 30 June 2016 and bills the client $350,to be paid within 60 days.Payment is received on 15 August 2016.Accrual accounting is used by both parties.
- What is the journal entry made by the consultant on 15 August 2016?

• A) Dr Cash Cr Accounts receivable
• B) Dr Cash Cr Service revenue
• C) Dr Accounts receivable Cr Cash
• D) None of the answers provided

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Definitions:

Vicarious Punishment

Learning process wherein the likelihood of a behavior is decreased after observing the negative consequences experienced by another individual for that behavior.

Ecological Disturbances

Events that cause significant changes in the structure or function of an ecosystem, potentially altering species compositions and interactions.

Behavior Problems

Issues in behavior that are considered unacceptable or problematic, requiring intervention.

Defense Mechanisms

Psychological strategies used unconsciously to protect oneself from anxiety or to face reality, such as denial, repression, or rationalization.