In the First Month of Operations for Widget Industries, the Total

question 127

Multiple Choice

In the first month of operations for Widget Industries, the total of the debit entries to the cash account amounted to ₤9,000 (₤5,000 investment by the owners and revenues of ₤4,000) . The total of the credit entries to the cash account amounted to ₤5,000 (purchase of equipment ₤2,000 and payment of expenses ₤3,000) . At the end of the month, the cash account has a(n)

• A) ₤3,000 credit balance.
• B) ₤3,000 debit balance.
• C) ₤4,000 debit balance.
• D) ₤4,000 credit balance.

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Definitions:

Frequency Theory

In hearing, the theory that the rate of nerve impulses traveling up the auditory nerve matches the frequency of a tone, thus enabling us to sense its pitch. (Also called temporal theory.)

Place Theory

A theory explaining how sound frequency is encoded in the cochlea of the inner ear, suggesting that specific places along the basilar membrane respond to specific frequencies.

High-Frequency

Relating to or denoting a band of the electromagnetic spectrum or sound above the range of normal human hearing.

Intermediate-Frequency

Refers to the frequency that lies between the radio frequency (RF) and the audio frequency (AF) bands, commonly used in communication electronics for signal processing.