Under the Original Constitution, Who Did the People Directly Elect

question 1

Multiple Choice

Under the original Constitution, who did the people directly elect?

• A) the senators
• B) the president
• C) the vice president
• D) the House of Representatives
• E) the Supreme Court

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Temporary Accounts

Accounts used to track transactions within a single accounting period, closed and reset at the period's end.

Account Balances

The amount of money in a financial account, determined by adding all credits and deducting all debits.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments, used to verify the equality of debits and credits and to prepare financial statements.