A Company Makes a Payment of $5,000 on a Long-Term

question 19

Multiple Choice

A company makes a payment of $5,000 on a long-term note payable.The journal the transaction would be recorded in is the.

• A)Cash disbursements journal.
• B)Sales journal.
• C)Cash receipts journal.
• D)Purchases journal.
• E)General journal.

---

Definitions:

Change Agents

Individuals or entities that act as catalysts for change, influencing or facilitating improvements or transformations within an organization or community.

Organizational Processes

entails the methods and practices through which an organization accomplishes its objectives, including decision-making, communication, and task allocation.

Reengineering

Reengineering involves fundamentally redesigning business processes, structures, and systems to achieve significant improvements in performance, productivity, and quality.

TQM

Total Quality Management is a management approach focused on long-term success by focusing on customer satisfaction, and involving all members of an organization in improving processes, products, services, and the culture in which they work.