Solve for Part in the Problem

question 69

Multiple Choice

Solve for part in the problem. Round to the nearest hundredth, if necessary.
-5% of 700 gallons

• A)3.5 gal
• B)0.35 gal
• C)350 gal
• D)35 gal

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Definitions:

Accrued Salaries

This refers to wages that have been earned by employees but have not yet been paid by the company.

Revenue Journal

A specialized accounting journal used to record the sales of goods and services and revenue generated.

Accounts Receivable

This term represents money owed to a business by its clients for goods or services delivered but not yet paid for.

Controlling Account

A general ledger account that summarizes the total amounts listed in a subsidiary ledger.