A Business Purchases Equipment for Cash of $100,000

question 114

Multiple Choice

A business purchases equipment for cash of $100,000. This transaction will cause:

• A)cash to be credited for $100,000.
• B)equipment to be credited for $100,000.
• C)capital to be credited for $100,000.
• D)capital to be debited for $100,000.

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Definitions:

Sensory Receptors

Specific cells or nerve terminations that react to environmental alterations by creating electrical signals.

Ruffini End Organ

Sensory receptors located in the skin and tendons that detect skin stretch and joint activity, contributing to the sense of proprioception.

Merkel Disks

Slow-adapting tactile receptors in the skin that respond to light touch and pressure.

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in many complex brain functions including memory, attention, perception, cognition, awareness, thought, language, and consciousness.