Copper Corp.
Use the selected accounts for Copper Corp.presented below to answer the following question(s).

$\text { DEPOSITS RECEIVED IN ADVANCE }$

-Read the information about Copper Corp..
Which of the following describes the transaction that occurred on August 7?
A)Sold to a customer on credit
B)Cash sales to daily customers
C)Collected an advance deposit in cash
D)Received cash payments of accounts receivable

Question

Copper Corp.
Use the selected accounts for Copper Corp.presented below to answer the following question(s).
  ​
 $\text { DEPOSITS RECEIVED IN ADVANCE }$ ​
 
-Read the information about Copper Corp..  
Which of the following describes the transaction that occurred on August 7?
A)Sold to a customer on credit 
B)Cash sales to daily customers 
C)Collected an advance deposit in cash 
D)Received cash payments of accounts receivable

Quizplus · Accepted Answer

On August 7, Copper Corp. received cash payments of accounts receivable, indicating that they collected money owed to them by customers from previous transactions.

Copper Corp DEPOSITS RECEIVED IN ADVANCE \text { DEPOSITS RECEIVED IN ADVANCE } DEPOSITS RECEIVED IN ADVANCE ​ -Read the Information About Copper Corp

Copper Corp $\text { DEPOSITS RECEIVED IN ADVANCE }$

-Read the Information About Copper Corp