Use the Following Five Transactions for Morton & Associates, Inc

question 117

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 23 transaction will include an increase of $430 to

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

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Definitions:

Observing Public Behavior

The act of watching and analyzing the actions and interactions of individuals in public spaces to gather data for research purposes.

Beneficence

An ethical principle requiring that actions benefit others or contribute to their welfare.

Welfare

Refers to the health, happiness, and fortunes of a person or group, often considered in economic and social policies.

Duplicate Publications

The act of publishing the same data or research findings in more than one academic journal or publication, often considered unethical unless properly disclosed.