Automatic Fixed Monthly Payments Such as Auto Lease,insurance Premiums and Mortgage

question 19

Multiple Choice

Automatic fixed monthly payments such as auto lease,insurance premiums and mortgage -

• A)can be recorded in the account reconciliation journal or in the general journal
• B)must be recorded with a normal general journal entry
• C)should be recorded in the adjustments journal
• D)should be recorded as cash payments because they involve withdrawals from the bank account

---

Definitions:

Forams

are short for foraminifera, a large group of amoeboid protists with calcareous shells, used in geological dating and paleoclimate estimation.

Representative Clade

A group of organisms that includes an ancestor and all of its descendants, representative of a larger evolutionary group.

Supergroup

A classification level in the hierarchy of biological taxonomy, designed to help categorize organisms that share fundamental evolutionary traits beyond the domain and kingdom level.

Water Molds

Aquatic, fungus-like organisms belonging to the group Oomycetes, known for causing diseases in plants and fish.