On May 1,a Company Provided Legal Services for a New

question 171

Multiple Choice

On May 1,a company provided legal services for a new client.The legal fee was $2,000 and the client paid,by check,before leaving the office that day.How does this transaction affect the accounting equation?

• A)Add $2,000 to Cash and subtract $2,000 from Service Revenue.
• B)Add $2,000 to Cash and add $2,000 to Retained Earnings.
• C)Add $2,000 to Cash and subtract $2,000 from Accounts Receivable.
• D)Add $2,000 to Cash and subtract $2,000 from Accounts Payable.

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Definitions:

Emotional Arousal

The state of being emotionally stimulated or excited, which can influence attention, motivation, and memory.

Emotional Behavior

Actions driven by one's feelings rather than rational thought.

Conflict Process

The progression of a conflict from its inception through its development, and potentially to its resolution.

Maturity

The state or quality of being fully grown or developed, often characterized by emotional stability and the ability to handle situations with wisdom.