Long Leaf Company's Tabular Analysis at the Beginning of April

question 31

Multiple Choice

Long Leaf Company's tabular analysis at the beginning of April consisted of the following balances: How would Long Leaf record the payment of the total amounts due to its creditors in the tabular analysis?

• A)Decrease Cash by $500 and decrease Accounts Payable by $500.
• B)Decrease Cash by $500 and decrease Accounts Receivable by $500.
• C)Increase Cash by $2500 and decrease Accounts Receivable by $2500.
• D)Increase Cash by $2500 and decrease Accounts Payable by $2500.

---

Definitions:

Health Care Accessible

The extent to which individuals can obtain needed medical services, often influenced by factors such as affordability, physical accessibility, and availability.

Private Health Insurance

Health insurance coverage provided by non-governmental organizations, offering a range of benefits and coverage options beyond what is typically available through public health services.

Health Care Costs

The expenses associated with medical care, including the costs of treatments, medications, hospital stays, and administrative fees.