The Journal Entry to Record the Payment of a Telephone

question 69

Multiple Choice

The journal entry to record the payment of a telephone bill immediately upon receipt of the bill would:

• A)have no effect on owner's equity.
• B)decrease liabilities.
• C)decrease owner's equity.
• D)increase owner's equity.

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Definitions:

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to be involved in learning through imitation.

Skateboarder

A person who rides on a skateboard as a hobby or sport.

Painful Position

A bodily posture or alignment that causes discomfort or agony, often resulting from prolonged or improper ergonomics.

Latent Learning

A form of learning that occurs without any obvious reinforcement or visible behavior changes at the time of learning.