Given the Following Accounts

question 132

Multiple Choice

Given the following accounts:
-Paid voucher #426, payment was after the discount period.
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:

Short-term Memory

The capacity for holding, but not manipulating, a small amount of information in mind in an active, readily available state for a short period of time.

Capacity

The maximum amount that something can contain or the ability to perform or produce.

Broadbent

Refers to Donald Broadbent, a British cognitive psychologist known for his research on attention and the filtering of information.

Treisman

Likely refers to an individual, possibly Anne Treisman, who is known for her work in cognitive psychology, specifically in attention and perception.