Use the Following Five Transactions for Morton & Associates, Inc

question 59

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 15 transaction will include a decrease of $1,220 to

• A) Accounts Receivable
• B) Unearned Revenue
• C) Prepaid Expenses
• D) Accounts Payable

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Definitions:

Frame Weakens

A condition where the structural integrity of a framework, such as that of a vehicle, is compromised due to stress, corrosion, or damage.

Loading Dock Height

The vertical measurement from ground level to the platform of a loading dock, crucial for aligning docked vehicles for efficient loading and unloading.

Standard

Established norms or requirements that specify technical or operational criteria, ensuring uniformity and quality across products and practices.

D-Train Combination

Refers to a specific configuration of linked railway or road vehicles, typically for the efficient transportation of goods or passengers.