From 1840 to 1860, the Price of a "Prime Field

question 47

Multiple Choice

From 1840 to 1860, the price of a "prime field hand"

• A) rose about 80 percent, which made it harder for southern whites to enter the slaveholding class.
• B) rose less than 10 percent, which kept the size of the planter class about the same.
• C) declined about 15 percent as the supply of slaves in the internal slave trade increased.
• D) became so inexpensive that the slaveholding class grew to include nearly two-thirds of southern whites.
• E) declined because labor-intensive agricultural work became less popular in the South.

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Definitions:

Recording Process

The method of capturing and documenting financial transactions in the accounting records.

Journalizing

The process of recording business transactions in the journal or books of original entry in accounting.

Posting

The process of transferring journal entry information to the ledger, ensuring every debit and credit transaction is recorded in the correct accounts.

Transposition Error

A mistake that occurs when two digits within a number are inadvertently reversed during data entry or recording.