Junction Plants Had the Following Transactions During August

question 66

Multiple Choice

Junction Plants had the following transactions during August. Which transaction represents an expense for August under the accrual basis of accounting?

• A) Used $90 worth of office telephone calls. The account will be paid during September.
• B) Paid $3300 in settlement of a loan obtained three months earlier.
• C) Paid a plumber $500 for repair work performed in July.
• D) Purchased a computer for $3000 cash.

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Definitions:

Stage 1 Sleep

The initial stage of sleep characterized by light sleep, where one can be easily awakened.

Theta Waves

A type of brain wave pattern associated with light sleep, deep relaxation, and meditation, typically in the frequency range of 4-8 Hz.

REM Sleep

A phase of sleep characterized by rapid eye movements, more dreaming, and bodily movement, and faster pulse and breathing.

Sleep Spindles

Bursts of oscillatory brain activity visible on an EEG that occur during stage 2 of NREM sleep, thought to play a role in learning and memory consolidation.