Answer:
June 15
Dr. Account Receivable $24,000
Cr. Service Revenue      $24,000
At the time of Receipt in July
Dr. Cash                          $24,000
Cr. Account Receivable $24,000
Explanation:
As the Services are performed on June 15, and Great Venture has a right to received the payment against the services provided. So, the revenue is recognized and The payment for the services has not been made yet. This result in the creation of account receivable, That is expected to receive in July. 
In July the payment is received. The cash account will be debited as the cash is received and on the other hand account receivable will be credited to remove the due balance of $24,000 from receivables balance.
 
        
             
        
        
        
3. Classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix.
A major theory in classical economics is that human beings are rational and, given the necessary information they will make rational decisions and act rationally, however, Behavioral economics assumes that people are irrational players.
 
        
             
        
        
        
A short term goal is a goal that will only take a few hours to a few days, a goal that wont take much time
A unit test is a short-term goal.
Career planning could take years.
-TheOneandOnly003
 
        
                    
             
        
        
        
Answer:
25,500 units
Explanation:
Sales units = Opening stock + Production - Closing stock
<em>So, we input the figure with aid of the above formulae</em>
25,000 units = 500 units + Production units - 1,000 units
Production units = 25,000 units - 500 units + 1,000 units
Production units = 25,500 units.
So, the number of units set forth in the production budget, representing total production for the current period is 25,500 units.