On Jan. 2, Callie Taylor received a $700 payment from a customer previously billed for services performed. The journal entry to record this transaction would include a (debit, credit) to the account and a (debit, credit) to the Accounts Receivable account.

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen