Which of the Following Doesn't Correctly Describe a Journal Entry

question 132

Multiple Choice

Which of the following doesn't correctly describe a journal entry which debits interest expense and credits interest payable?

• A)It increases expenses and decreases retained earnings.
• B)It decreases net income and decreases stockholders' equity.
• C)It increases expenses and increases liabilities.
• D)It decreases assets and decreases stockholders' equity.

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Definitions:

\(5x+9\)

An algebraic expression representing a linear function.

\(x-5\)

An algebraic expression representing a value five less than the variable x.

Transformation

A process by which a shape is changed through operations such as rotation, reflection, translation, or resizing, altering its position or size but not its fundamental characteristics.

Composition

In mathematics, the composition of functions refers to the application of one function to the results of another.