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:

Drive Reduction

A theory positing that behavior is motivated by the desire to reduce internal drives, such as hunger or thirst, to achieve a state of homeostasis.

Hypothalamus

A small but crucial part of the brain responsible for hormonal control, regulation of body temperature, and maintaining homeostasis.

Blood Sugar Level

A measure of the amount of glucose present in the blood, which is a critical aspect of metabolic health and is closely regulated in the human body.

Receptors In Liver

Proteins located in the liver that bind substances like hormones and drugs, playing a crucial role in metabolism and detoxification.