The collection of a $2,000 account beyond the 2 percent discount period would result in a(n)
A) increase to Cash for $1,960.
B) decrease to Accounts Receivable for $2,000.
C) decrease to Cash for $2,000.
D) increase to Sales Discounts for $40.
B
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"BRIC" is an acronym for ________
A) Brazil, Russia, India, and China B) Bolivia, Russia, Indonesia, and China C) Brazil, Russia, Indonesia, and China D) Bolivia, Russia, India, and Canada E) Bolivia, Russia, Indonesia, and Canada
Adriana Graphic Design receives $1,500 from a client billed in a previous month for services provided. Which of the following general journal entries will Adriana Graphic Design make to record this transaction?
A.
| Accounts Receivable | 1,500 | |
| Unearned Design Revenue | 1,500 |
B.
| Cash | 1,500 | |
| Unearned Design Revenue | 1,500 |
C.
| Accounts Payable | 1,500 | |
| Design Revenue | 1,500 |
D.
| Accounts Receivable | 1,500 | |
| Cash | 1,500 |
E.
| Cash | 1,500 | |
| Accounts Receivable | 1,500 |
An appropriate time period for an audit is the busiest month of the year
Indicate whether the statement is true or false
In an airline flight crew, an understanding of the different roles of crew members refers to its:
a. Transactive memory b. Mental model c. Group process d. Cohesion