A Payment of $350 Was Received from a Charge Customer

question 38

Multiple Choice

A payment of $350 was received from a charge customer and recorded and posted as $305. The necessary correcting entry is

• A)debit Cash, $45; credit Income from Services, $45.
• B)debit Cash, $45; credit Accounts Receivable, $45.
• C)debit Accounts Receivable, $45; credit Cash, $45.
• D)debit Cash, $45; credit Accounts Payable, $45.
• E)credit Cash $45; debit Accounts Receivable, $45.

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Definitions:

Mitosis

A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell.

Plane

In anatomy, a flat surface imagined to pass through the body, used as a reference point for anatomical descriptions.

Cardiovascular System

The body's heart and blood vessels network that circulates blood to deliver oxygen and nutrients to tissues.

Bladder

A muscular organ in the pelvic area that holds urine from the kidneys before urination.