Use the selected accounts for Copper Corp.presented below to answer the following question(s). $\begin{array}{lr|}
& {\text { CASH }} \
\hline 8 / 1 \text { Balance } & 6,000 \
8 / 3 & 500 \
8 / 5 & 400 \
8 / 7 & 900
\end{array}$$\begin{array}{l}
\text { ACCOUNTS RECEIVABLE }\
\begin{array}{ll|ll}
\hline 8 / 2 & 1,800 & 8 / 7 & 900
\end{array}
\end{array}$

$\text { DEPOSITS RECEIVED IN ADVANCE }$
$\begin{array}{l}
\text { (A Liability Account) }\
\begin{array}{r|rr}
\hline &8/3&500 \
\end{array}
\end{array}$$\begin{array}{l}
\text { SALES }\
\begin{array}{r|rr}
\hline 8 / 2 & 1,800 \
8 / 5 & 400
\end{array}
\end{array}$
-Read the information for Copper Corp. On which date did the country club make a credit sale of club memberships?
A) August 2
B) August 3
C) August 5
D) August 7

Question

Use the selected accounts for Copper Corp.presented below to answer the following question(s). $\begin{array}{lr|} 
& {\text { CASH }} \
\hline 8 / 1 \text { Balance } & 6,000 \
8 / 3 & 500 \
8 / 5 & 400 \
8 / 7 & 900
\end{array}$$\begin{array}{l}
\text { ACCOUNTS RECEIVABLE }\
\begin{array}{ll|ll}
\hline 8 / 2 & 1,800 & 8 / 7 & 900
\end{array}
\end{array}$

$\text { DEPOSITS RECEIVED IN ADVANCE }$
$\begin{array}{l}
\text { (A Liability Account) }\
\begin{array}{r|rr}
\hline  &8/3&500 \
\end{array}
\end{array}$$\begin{array}{l}
\text { SALES }\
\begin{array}{r|rr}
\hline 8 / 2 & 1,800 \
8 / 5 & 400
\end{array}
\end{array}$ ​
-Read the information for Copper Corp. On which date did the country club make a credit sale of club memberships?
A) August 2
B) August 3
C) August 5
D) August 7

Quizplus · Accepted Answer

The credit sale of club memberships is indicated by the entry in the Accounts Receivable on August 2, which aligns with the sales entry on the same date, suggesting that the sale was made on credit.

Use the Selected Accounts for Copper Corp CASH 8/1 Balance 6,0008/35008/54008/7900\begin{array}{lr|} & {\text { CASH }} \\\hline 8 / 1 \text { Balance } & 6,000 \\8 / 3 & 500 \\8 / 5 & 400 \\8 / 7 & 900\end{array}8/1 Balance 8/38/58/7​ CASH 6,000500400900​​

Use the Selected Accounts for Copper Corp $\begin{array}{lr|} & {\text { CASH }} \\\hline 8 / 1 \text { Balance } & 6,000 \\8 / 3 & 500 \\8 / 5 & 400 \\8 / 7 & 900\end{array}$