Use the Following Five Transactions for Monaco & Associates, Inc

question 130

Multiple Choice

Use the following five transactions for Monaco & Associates, Inc.to answer the question(s) . $$\begin{array}{lll}october&1&\text { Bills are sent to clients for services provided in September in the amount of \$ 800 .}\\&9&\text { Dravo Co. delivers office fumiture (\$ 1,060) and office supplies (\$ 160) to }\\&&\text { Monaco leaving an invoice for \$ 1,220 .}\\&15&\text { Payment is made to Dravo Co. for the furniture and office supplies delivered }\\&&\text { on October 9.}\\&23&\text { A bill for \$ 430 for electricity for the month of September is received and will }\\&&\text { be paid on its due date in November.}\\&31&\text { Salaries of \$ 850 are paid to employees.}\\\end{array}$$
-See the transactions to Monaco & Associates. The journal entry to record the October 23 transaction will include a credit of $430 to

• A) Salaries Expense
• B) Cash
• C) Prepaid Expenses
• D) Accounts Payable

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Definitions:

Poor-quality Parent-child Relationships

Relationships between parents and children that are characterized by lack of emotional support, understanding, and healthy communication, leading to negative outcomes in child development.

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A condition in which individuals believe they have no control over their situation, often resulting from repeated failures or negative outcomes.

Delinquency

Minor crime, especially that committed by young people, or failure to do what law or duty requires.

LGBT Parents

Individuals who identify as lesbian, gay, bisexual, or transgender and are raising children, either biologically or through adoption/fostering.