Use the Following Five Transactions for Morton & Associates, Inc

question 182

Multiple Choice

Use the following five transactions for Morton & Associates, Inc. to answer the questions.
May 1 Bills are sent to clients for services provided in April in the amount of $800.
9 Techno, Inc. delivers office furniture $1,060 and office supplies $160 to Morton leaving an invoice for $1,220.
15 Payment is made to Techno, Inc. for the furniture and office supplies delivered on May 9.
23 A bill for $430 for electricity for the month of April is received and will be paid on its due date in June.
31 Salaries of $850 are paid to employees.
-See the transactions to Morton & Associates. The journal entry to record the May 9 transaction will include an increase of $1,220 to

• A) Accounts Receivable
• B) Cash
• C) Accounts Payable
• D) Administrative Expenses

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Definitions:

Poor People

Individuals or groups who lack the financial resources to meet a standard of living considered comfortable or normal in their society.

Urban Dwellers

Individuals who reside within the confines of a city or metropolitan area.

Environmental Racism

Discrimination in environmental policy-making and the enforcement of regulations and laws that disproportionately affects minority communities.

Marginalized People

Individuals or groups that are denied access to various rights, resources, and opportunities, and are thus kept on the fringes of society.