On May 25 Mt

question 23

Multiple Choice

On May 25 Mt. Hood Company received a $370 check from Douglas Fir for services to be performed in the future. The bookkeeper for Mt. Wood Company incorrectly debited Cash for $370 and credited Accounts Receivable for $370. The amounts have been posted to the ledger. To correct this entry the bookkeeper should:

• A) debit Cash $370 and credit Unearned Service Revenue $370.
• B) debit Accounts Receivable $370 and credit Service Revenue $370.
• C) debit Accounts Receivable $370 and credit Cash $370.
• D) debit Accounts Receivable $370 and credit Unearned Service Revenue $370.

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Definitions:

Pinocytosis

The process whereby a cell engulfs large amounts of liquid.

Active Transport

The movement of molecules across a cell membrane from a region of lower concentration to one of higher concentration, requiring energy.

Cell Membrane

The structure that surrounds and encloses a cell.

Lipids

A group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins (such as vitamins A, D, E, and K), monoglycerides, diglycerides, triglycerides, phospholipids, and others.