A Check Drawn by a Company for $360 in Payment

question 83

Multiple Choice

A check drawn by a company for $360 in payment of a liability was recorded in the journal as $630. Identify the effects of the transaction in the company's accounts.

• A) Decrease Accounts Payable; Decrease Cash
• B) Increase Cash; decrease Accounts Receivable
• C) Increase Cash; increase Accounts Payable
• D) Increase Accounts Receivable; Decrease Cash

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Definitions:

Line Voltage

The voltage as measured between the lines of a three-phase system.

Delta-Connected

A method of connecting three components of an electrical circuit where each component is connected end-to-end to form a closed loop or triangle.

Phase Current

The amount of current flowing in the phase of a three-phase load or power supply.

Line Current

The current flow in the line supplying a three-phase load.