A service company receives a check from a customer as partial payment of his account balance. This transaction does not involve the sale of additional services. How should the entry be recorded?
A. Debit Accounts Receivable and credit Cash.
B. Debit Cash and credit Sales Revenue.
C. Debit Cash and credit Accounts Receivable.
D. Debit Cash and credit Deferred Revenue.
Answer: C
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The private property rights of individuals lapse because of a change in government
Indicate whether the statement is true or false
Standup meetings typically last about 1.5 hours in order to test the physical stamina and commitment of group members
Answer: FALSE
Which of the following is one of the main advantages of a product-oriented layout?
A) high customer exposure rates B) employability of highly skilled labor C) high flexibility D) low capital cost E) low variable cost per unit
The current price on a 60-inch flat panel LCD HD television is $2,300. Big screen HD television prices have dropped at an average rate of 9% per year in recent years
If you expect this trend to continue, how much will this style of television cost in three years? A) $2,979 B) $2,300 C) $1,958 D) $1,733