Accounts Payable Has a Normal Balance of $1,100

question 47

Multiple Choice

Accounts Payable has a normal balance of $1,100. After paying to creditors $300, the balance in the account is:

• A) debit $800.
• B) debit $1,400.
• C) credit $800.
• D) credit $1,400.

Understand the nature of entrepreneurship and its impact on society and the economy.

Recognize the role of innovation and creativity in entrepreneurship.

Identify the characteristics of successful entrepreneurs and entrepreneurial educators.

Understand the importance of a long-term perspective and adaptability in entrepreneurship.

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Definitions:

Companion Cells

Specialized cells found in the phloem of flowering plants that manage the transport and metabolism of the products of photosynthesis.

Ground Tissue

The tissue in plants that makes up the majority of a plant's body, involved in photosynthesis, storage, and support.

Meristem

Zone of undifferentiated parenchyma cells, the divisions of which give rise to new tissues during plant growth.

Secondary Xylem

The part of a plant that contributes to wood formation, responsible for water transport and structural support.