The Health Information Department Is Purchasing New Filing Equipment

question 25

Multiple Choice

The health information department is purchasing new filing equipment. Currently, 6,500 linear filing inches are used to store records. The new filing equipment selected has six shelves with 44 linear inches each. The total filing inches in one unit would be

• A)44.
• B)147.
• C)264.
• D)1,084.

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Definitions:

Adjusting Entries

Journal entries made in accounting to update the records for accruals and deferrals that have not been recorded through regular financial transactions.

Calendar-year

A one-year period that starts on January 1 and ends on December 31, used in financial reporting and tax calculations.

Promissory Note

A financial document representing a promise to pay a specified sum of money to the holder at a future date or upon demand.

Payee

is the party in a financial transaction who receives the payment.