Assuming No Adjusting Journal Entries Have Been Made,the Journal Entry

question 125

Multiple Choice

Assuming no adjusting journal entries have been made,the journal entry to record the cash interest payment on the due date for bonds issued at a discount results in which of the following?

• A)An increase in expenses and a decrease in liabilities.
• B)An increase in expenses and an increase in liabilities.
• C)A decrease in both liabilities and stockholders' equity.
• D)A decrease in both assets and liabilities.

---

Definitions:

Cultural Differences

Variations in the norms, values, beliefs, and practices among different cultures or societies.

Information Technologies

Refers to the use of computers and telecommunications equipment to store, retrieve, transmit, and manipulate data, often in the context of a business or other enterprise.

Desktop Videoconferencing Systems

Computer-based communication tools that enable individuals to conduct video meetings or calls from their desktops.

Virtual Team

A group of individuals who work together from different geographical locations and rely on communication technology to collaborate.