What Effects Does This Journal Entry Have on the Accounts

question 69

Multiple Choice

$$\begin{array} { | l | l | c | l | l | l | } \hline \text { March } & 10 & \text { Accounts Payable } & & 800 & \\\hline & & \text { Cash } & & & 800 \\\hline & & \text { Paid creditors on account. } & & & \\\hline\end{array}$$ What effects does this journal entry have on the accounts?

• A) decrease Accounts Payable, increase Cash
• B) increase Cash, decrease Accounts Payable
• C) increase Accounts Payable, increase Cash
• D) decrease Accounts Payable, decrease Cash

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Definitions:

Executive Control System

The component of the brain responsible for regulating attention, making decisions, and managing cognitive processes required for goal-directed behavior.

Sensory Memory

The shortest-term element of memory which allows individuals to retain impressions of sensory information after the original stimuli have ended.

Short-Term Memory

A capacity for holding a small amount of information in mind in an active, readily available state for a short period of time.

Long-Term Memory

A type of memory capable of storing information for an extended period, from hours to decades.