Which of the Following Journal Entries Is Correct When a Business

question 41

Multiple Choice

Which of the following journal entries is correct when a business entity uses cash to pay an account payable?

• A) Accounts Payable
• \( \quad \) \( \quad \)Cash
• B) Retained Earnings
• \( \quad \) \( \quad \)Cash
• C) Cash
• \( \quad \)Accounts Payable
• D) Cash
• \( \quad \)Notes Payable

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Definitions:

Socialism With A Human Face

A political slogan associated with the Prague Spring of 1968 in Czechoslovakia, advocating for a reformed socialism combining economic planning with personal freedoms and democratic governance.

Thawed Relations

The process of improvement or warming in relations between countries or groups that previously experienced tension or hostility.

West German Chancellor

The head of government for West Germany, a position held from the establishment of the Federal Republic of Germany in 1949 until the reunification in 1990.

Nationalist Rebels

Groups or individuals who engage in resistance or armed conflict against established authority or occupation forces, driven by a desire for self-determination or nationalist ideology.