JWood Performed Carpentry Services for $7500 $\$ 5500$ Ignoring GST the Transaction Is Recorded As:
A

question 6

Short Answer

J.Wood performed carpentry services for $7500.He received cash of $2000 and gave 1. credit for $\$ 5500$ . Ignoring GST the transaction is recorded as:
a. Debit Cash $\$ 2000$ , deb it Accounts Receivable $\$ 7500$ , credit Accounts receivable $\$ 2000$ , credit Income Eamed $\$ 7500$
b. Debit Income Earned $\$ 7500$ , credit Cash $\$ 2000$ , credit Accounts Payable $\$ 5500$
c. Debit Cash $\$ 7500$ , credit Equity $\$ 7500$
d. Debit Cash $\$ 2000$ , debit Equity $\$ 5500$ , credit Income Earned $\$ 7500$

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Definitions:

Industrialized Nations

Countries that have undergone extensive industrialization, characterized by significant developments in manufacturing, infrastructure, and technology.

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A condition affecting women, characterized by the inability to conceive or carry a pregnancy to term after a year or more of regular, unprotected sexual intercourse.

Fallopian Tubes

Two tubes that connect the ovaries to the uterus, playing a crucial role in the female reproductive system by facilitating the passage of eggs.

Ovulate

The phase in a woman's menstrual cycle where an egg is released from the ovary, making fertilization possible.