Black Systems Sold and Delivered Modems to White Computers for $330,000

question 10

Multiple Choice

Black Systems sold and delivered modems to White Computers for $330,000 to be paid by White in three equal installments over the next three months.The journal entry made by Black Systems to record this transaction will include:

• A)A debit to Sales Revenue for $330,000.
• B)A debit to Accounts Receivable for $330,000.
• C)A debit to Accounts Receivable for $110,000.
• D)A debit to Cash for $330,000.

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Definitions:

Human Heritage

The legacy of physical artifacts and intangible attributes of a group or society inherited from past generations.

Epigenetics

The study of changes in organisms caused by modification of gene expression rather than alteration of the genetic code itself.

Identical Twins

Twins who develop from a single fertilized egg and share the same genetic material.

Cloned

Refers to the process of creating a genetically identical copy of an organism or cell.