Use the Following Five Transactions for Morton & Associates, Inc

question 192

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 31 transaction will include a decrease in

• A) Salaries Expense
• B) Service Revenue
• C) Accounts Receivable
• D) Cash

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Definitions:

Immigrant Families

Families that have relocated from one country to another, often in search of better living conditions, opportunities, or to escape conflict.

Less Pay

A term indicating a situation where an individual or group receives lower compensation for their work than is considered fair or equitable.

H.G. Wells

A British author and historian best known for his science fiction novels, such as "The War of the Worlds" and "The Time Machine," and for his works advocating for social, political, and technological change.

Child Labor

The employment of children in an industry or business, often illegal or considered exploitative due to the harm it can cause to their development and education.