Susan Flew to San Francisco on a Business Trip That

question 106

Multiple Choice

Susan flew to San Francisco on a business trip that will be reimbursed by her employer. The purchase price of the ticket was $800 and it was bought on account. The entry to record the transaction is:

• A) debit Accounts Payable, $800; credit Travel Expense, $800.
• B) debit Capital, $800; credit Accounts Payable, $800.
• C) debit Travel Expense, $800; credit Accounts Payable, $800.
• D) debit Travel Expense, $800; credit Cash, $800.

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Definitions:

Obedience to Authority

The tendency of individuals to comply with commands given by someone perceived as an authority figure, even if they may disagree with the orders.

Intentional Community

A planned residential community designed with a high degree of social cohesion and teamwork, sharing common values or interests.

Group Processes

The psychological and social dynamics that occur within a group setting, influencing how members interact, make decisions, and solve problems.

Trade and Barter

An economic system where goods or services are exchanged without the use of money.