The Following Entry Was Recorded in the Books of Brighty

question 138

Multiple Choice

The following entry was recorded in the books of Brighty Company.Apr. 8 Accounts Payable-Marigold, Inc.3,000
Inventory
3,000
Debit Memo No. 25.What is the impact of this entry on the accounting equation?

• A)an increase in Assets and an increase in Equity
• B)an increase in Assets and an increase in Liabilities
• C)a decrease in Assets and a decrease in Liabilities.
• D)a decrease in Assets and a decrease in Liabilities

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Definitions:

Organic Amnesia

A memory disorder usually caused by brain damage or disease, where the ability to learn new information or retrieve information formed before the incident is impaired.

Psychogenic Amnesia

A memory disorder characterized by sudden temporary memory loss, that cannot be attributed to a neurological condition.

Sexual Instincts

Innate or biological urges related to sexuality and reproduction.

Jung

A reference to Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology.