Complete the following questions based on the journal entry below:
GENERAL JOURNAL Page 1
Date Acct. Titles and Description PR Debit Credit
June 1 Cash 110 5,000
Accounts Receivable 112 5,000
a) Date of Journal entry: ___________
b) Name of account debited: ___________
c) Name of account credited: ___________
d) Provide an explanation for this entry: ___________
e) Page of Journal: ___________
f) Account number for Cash: ___________
g) Account number for Accounts Receivable: ___________
What will be an ideal response?
Answer:
a) June 1
b) Cash
c) Accounts receivable
d) Received payment from customer
e) Page 1
f) 110
g) 112
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Cohesiveness Contributes to ____________________
Fill in the blank(s) with the appropriate word(s).
Which of the following is the correct opportunity cost to consider if you are trying to choose one 3-hour elective course (A ) over another 3-hour elective course (B )?
A) The tuition cost of a 3-hour course B) Your total tuition costs for the year with and without the course C) The information and learning from (B) that you will give up if you choose (A) D) The marginal costs of taking one more course