Ralph Pine Consulting Received Its Telephone Bill in the Amount

question 126

Multiple Choice

Ralph Pine Consulting received its telephone bill in the amount of $300,and immediately paid it.Which of the following general journal entries will Pine Consulting make to record this transaction?

• A)Debit Telephone Expense,$300; Credit Cash,$300.
• B)Debit Telephone Expense,$300; Credit Accounts Payable,$300.
• C)Debit Cash,$300; Credit Telephone Expense,$300.
• D)Debit Accounts Payable,$300; Credit Telephone Expense,$300.
• E)Debit Prepaid Expense,$300; Credit Cash,$300.

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Definitions:

Resides

Refers to where something or someone is located or lives.

Individual

A single human being as distinct from a group, class, or family.

Lack of Autonomy

Describes a situation in which individuals have little to no control or independence in their work or decision-making processes.

Participation

The act of taking part in an activity or event, often implying active involvement or engagement.