Using the Following Accounts

question 69

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transaction.
-Received first installment on common stock subscription.
Debit ________ Credit ________

• A)Subscription receivable-common stock
• B)Cash
• C)Machinery
• D)Building
• E)Land
• F)Organization costs
• G)Preferred stock
• H)Common stock
• I)Paid in capital in excess of par value - common
• J)Paid in capital in excess of par value - preferred
• K)Common stock subscribed
• L)Discount on common stock
• M)Organization Expense

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Definitions:

Unions

Organizations that represent the collective interests of workers in negotiations with employers over wages, working conditions, and benefits.

Human Relations School

A management approach emphasizing social relations at work, employee well-being, and motivation.

Authoritarian Leadership

A leadership style characterized by individual control over all decisions and little input from group members.

Job Satisfaction

The extent to which individuals feel fulfilled, content, and happy with their jobs, influencing their motivation, performance, and retention.