The Gulp Convenience Store Chain Buys New Soda Machines for $450,000

question 47

Multiple Choice

The Gulp convenience store chain buys new soda machines for $450,000 and pays $50,000 for installation. One-half of the total cost is paid in cash; the other half is financed. How should the company record this transaction?

• A) Debit cash for $250,000, debit notes payable for $250,000, and credit equipment for $500,000.
• B) Debit equipment for $500,000, credit cash for $250,000, and credit notes payable for $250,000.
• C) Debit cash for $250,000, debit notes payable for $250,000 credit equipment for $450,000, and credit expenses for $50,000.
• D) Debit equipment for $450,000, debit expenses for $50,000, credit cash for $250,000, and credit notes

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Wal-Mart Employees

Individuals employed by Wal-Mart, the multinational retail corporation, across its numerous stores and facilities worldwide.

Union Members

Individuals who belong to a labor union, which is an organization that represents the collective interests of workers in negotiations with employers.

Airline Pilots' Union

An organization representing the collective interests of pilots, focusing on issues related to working conditions, salaries, and safety standards.

National Education Association

The largest professional interest group in the United States that represents public school teachers and other support personnel, faculty and staffers at colleges and universities, retired educators, and college students preparing to become teachers.