A Company Sold $10,000 of Its Accounts Receivable and Was

question 51

Multiple Choice

A Company sold $10,000 of its accounts receivable and was charged a 2% factoring fee. How should the company record this transaction in the journal?

• A)\(\begin{array}{|l|r|r|}
• \hline \text { Cash } & 9,800 & \\
• \hline \text { Factoring Fee Expense } & 200 & \\
• \hline \text { Accounts Receivable } & & 10,000 \\
• \hline
• \end{array}\)
• B)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 10,000 & \\
• \hline \text { Accounts Receivable } & & 10,000 \\
• \hline
• \end{array}\)
• C)\(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 10,000 & \\
• \hline \text { Factoring Fee Expense } & & 200 \\
• \hline \text { Accounts Receivable } & & 9,800 \\
• \hline
• \end{array}\)
• D)\(\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable } & 10,000 & \\
• \hline \text { Factoring Fee Expense } & & 200 \\
• \hline \text { Cash } & & 9,800 \\
• \hline
• \end{array}\)
• E)\(\begin{array} { | l | r | r | }
• \hline \text { Accounts Receivable } & 9,800 & \\
• \hline \text { Factoring Fee Expense } & 200 & \\
• \hline \text { Cash } & & 10,000 \\
• \hline
• \end{array}\)

Appreciate the challenges and considerations in treating schizophrenia with psychotherapy and antipsychotic medication.

Understand the role of dopamine receptors in the treatment of schizophrenia.

Identify best practices and recommendations for the use of antipsychotic drugs to treat schizophrenia.

Understand the therapeutic approaches for treating schizophrenia.

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Definitions:

Contracts

Legally binding agreements between two or more parties that outline obligations, rights, and duties that each party must fulfill.

Torts

Legal wrongs committed by one party against another, leading to civil legal liability.

Minor Children

Individuals under the age of legal adulthood, usually under 18 years old, who are legally under the care and control of their parents or guardians.

Illegal Subject Matter

Content or subject of a legal agreement that is against the law and therefore unenforceable in court.