A Transaction, Such as a Utility Bill to Be Paid

question 140

True/False

A transaction, such as a utility bill to be paid in 30 days, would be journalized with a debit to Utilities expense and a credit to Notes payable.

---

Definitions:

Axon

Of a neuron, a cytoplasmic extension that transmits electrical signals along its length and secretes chemical signals at its endings.

Spinal Cord

Central nervous system organ that extends through the backbone and connects peripheral nerves with the brain.

Peripheral Nerves

Nerves located outside the brain and spinal cord that connect the central nervous system to limbs and organs.

Brain

Central control organ of a nervous system; receives and integrates sensory information, regulates internal conditions, and sends out signals that result in movements.