Which of the Following Journal Entries Was Created as the Result

question 121

Multiple Choice

Which of the following journal entries was created as the result of a deferral?

• A) Unearned revenue
• \( \quad \)\( \quad \)Revenue
• B) Interest expense
• \( \quad \)\( \quad \)Interest payable
• C) Cash
• \( \quad \)Revenue
• D) Salaries expense
• \( \quad \)Cash

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Definitions:

Organic Molecules

Carbon-based molecules, typically found in living systems, that include compounds such as carbohydrates, lipids, proteins, and nucleic acids, essential for life.

Enzymes

Proteins that act as biological catalysts to speed up chemical reactions in cells.

−COOH Group

A functional group characteristic of carboxylic acids, consisting of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group.