Create a Journal Entry and a T-Account for Each of the Following

question 2

Essay

Create a journal entry and a T-Account for each of the following transactions:
a) $5,000 of accounts payable is paid in cash.
b) $30,000 of cash is received from taking out a note with the local bank.
c) $10,000 of accounts receivable from last year is received in cash.
d) $7,000 is paid back on the borrowed note.

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Definitions:

Cardiac Cycle

The cardiac cycle is the sequence of events that occurs during one heartbeat, involving the contraction (systole) and relaxation (diastole) of the atria and ventricles to pump blood throughout the body.

Stroke Volume

The volume of blood pumped from the heart's left ventricle per beat.

Cardiac Output

Cardiac Output is the volume of blood the heart pumps through the circulatory system in one minute.

End-Systolic Volume

The volume of blood remaining in each ventricle of the heart after systole, the contraction phase.