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:

Renal Failure

A medical condition where the kidneys lose the ability to remove waste and balance fluids in the body.

Urine

A liquid by-product of metabolism in humans and many animals, eliminated from the body by the kidneys through the process of urination.

Bladder

A hollow organ in the pelvic area that stores urine before it is expelled from the body.

Elastic Fibers

Fiber components of connective tissue that provide elasticity and resilience to various body parts.