Candy Cane Opened an Ice Cream Store on June 1

question 89

Multiple Choice

Candy Cane opened an ice cream store on June 1 and hired an accounting intern to help her establish the business.The intern has identified the following transactions.Which of these transactions is not an accounting transaction?

• A)Purchased $3,400 of milk and cream from a local dairy
• B)Signed a contract to deliver $1,200 of ice cream for a July 4th party
• C)Paid June rent of $2,300
• D)Borrowed money from the bank by signing a promissory note for $5,000

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Definitions:

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, and is encased in the vertebral column, transmitting nerve signals between the brain and the rest of the body.

Brain

The organ located in the head of an animal that coordinates its behavior, processes sensory information, and is the center of perception, memory, thought, and emotion.

Hominids

Members of the taxonomic family Hominidae, which includes modern humans, their ancestors, and other great apes.

Walking Upright

Refers to the ability of humans and their ancestors to move by standing on two feet and using the legs for locomotion, distinguishing them from quadrupedal animals.