Prepaid Rent is a liability account.

Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 2/15, n/30. Which of the following journal entries correctly records the sales revenue?

A) Sales Revenue 7,000 Accounts Receivable 7,000 B) Sales Revenue 7,000 Cost of Goods Sold 7,000 C) Accounts Receivable 2,500 Sales Revenue 2,500 D) Accounts Receivable 7,000 Sales Revenue 7,000

The traditional communication model that regards a broadcast message as perishable doesn't work as well with narrowcasting as it does with broadcasting

Indicate whether the statement is true or false