Given the Following Accounts

question 58

Multiple Choice

Given the following accounts:
-Received an invoice in the amount of $60 for repairs to the store equipment, voucher #423 was prepared.
Debit ________ Credit ________

• A)Cash in bank
• B)Petty cash
• C)Supplies
• D)Equipment
• E)Notes payable
• F)Vouchers payable
• G)FICA payable
• H)Wages payable
• I)Purchases
• J)Purchase discounts
• K)Discounts lost
• L)Repairs expense
• M)Interest expense
• N)Delivery expense
• Indicate the account(s) to be debited and credited to record the following transactions.
• The company uses the periodic inventory method.

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Definitions:

Long-Term Potentiation

A lasting enhancement in signal transmission between neurons that results from their simultaneous stimulation, believed to be a mechanism behind learning and memory.

Implicit Memory

A form of memory where past experiences assist in executing a task without actively recalling these past encounters.

Procedural Memory

The part of long-term memory that is responsible for knowing how to do things, also known as motor skills.

Semantic Memory

A type of long-term memory involving the storage and recall of general knowledge and facts about the world.