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HH Consulting & Design provided $800 of consulting work and $100 of design work to the same client. It billed the client for the total amount and is expecting to collect from the customer next month. Which of the following general journal entries will HH Consulting & Design make to record this transaction?
Express Condition
A stipulation in a contract that explicitly outlines a requirement or condition that must be met for the contract's terms to be fulfilled or action to take place.
Implied-in-Fact
A type of contract formed by the conduct of the parties involved, rather than written or spoken words.
Implied-in-Law
A term or condition not expressly stated but inferred by the nature of the transaction or the parties' conduct, as recognized by law.
Discharged by Agreement
A situation where the parties involved decide to release each other from the obligations of a contract, effectively ending the contract.
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