Consider Each of the Items Below

question 36

Multiple Choice

Consider each of the items below. Place the proper letter in the blank space provided to indicate the nature of the account or accounts to be debited when recording each transaction using the preferred accounting treatment. Prepayments should be recorded in balance sheet accounts. Disregard income tax considerations unless instructed otherwise.
-Jim Parra and Mary Lawson, maintenance repair workers, spent five days in unloading and setting up a new $6,000 precision machine in the plant. The wages earned in this five-day period, $480, are recorded.

• A)asset(s) only
• B)accumulated amortization, depletion, or depreciation only
• C)expense only
• D)asset(s) and expense
• E)some other account or combination of accounts

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Definitions:

Hypothalamus

A subcortical structure that plays a vital role in controlling many motivated behaviors, like eating, drinking, and sexual activity.

Prefrontal Cortex

A region of the brain associated with decision making, personality expression, cognitive planning, and moderating social behavior.

Circadian Rhythm

The natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Optic Nerve

The bundle of fibers that proceeds from each retina to the brain.