At the Time of Payment, What Journal Entry Is Required

question 94

Multiple Choice

At the time of payment, what journal entry is required to record a petty cash disbursement for postage?

• A)debit Postage Expense, credit Petty Cash
• B)debit Petty Cash, credit cash
• C)debit Postage Expense, credit Cash
• D)No journal entry is required.

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Definitions:

MEO

In the context of space, Medium Earth Orbit, referring to satellites orbiting Earth at altitudes between Low Earth Orbit (LEO) and Geostationary Orbit (GEO).

Transmission Delay

Transmission delay is the time taken for a message to be transmitted from one point to another in a network, not including the time it takes for it to be propagated or processed.

GEO

Stands for Geographic Information System, a framework for gathering, managing, and analyzing data related to positions on Earth's surface.

LEO

Stands for Low Earth Orbit, which is an orbit relatively close to Earth's surface where satellites can provide communication or remote sensing services.