If the Individual Subsidiary Ledger Accounts of Accounts Receivable and Accounts

question 16

Multiple Choice

If the individual subsidiary ledger accounts of Accounts Receivable and Accounts Payable contained the following data: Cadence Company - Vendor - $250 credit balance
Franklin Enterprises - Customer - $750 debit balance
Marcelo Construction - Client - $125 - debit balance
Peyton Supplies - Supplier - $375 - credit balance
The Accounts Receivable (A/R) controlling account and the Accounts Payable (A/P) controlling account balances would be:

• A) A/R - $1,000, A/P - $500
• B) A/R - $625, A/P - $875
• C) A/R - $875, A/P - $625
• D) A/R - $750, A/P - $750

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Definitions:

Optimistic

A mindset and attitude characterized by a positive outlook and expectation that good things will happen in the future.

Proactive

Describes an approach characterized by taking action in advance to deal with an expected difficulty or opportunity.

Emotional Regulation

The process by which individuals influence their emotions, how they experience them, and how they express them to others.

Moods

Emotional states that are less specific, less intense, and longer-lasting than emotions, often not directed at a particular object.