Which of the Following Entries Would Be Recorded If a Company

question 43

Multiple Choice

Which of the following entries would be recorded if a company is using the cash-basis method of accounting?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1000 & \\
• \hline \text { Accounts receivable } & & 1000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Salary expense } & 1000 & \\
• \hline \text { Salary payable } & & 1000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Rent expense } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Prepaid rent } & 1000 & \\
• \hline \text { Cash } & & 1000 \\
• \hline
• \end{array}\]

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Definitions:

HIV

Known as Human Immunodeficiency Virus, this pathogen compromises the immune system and, without intervention, can progress to Acquired Immunodeficiency Syndrome (AIDS).

Instructing

The act of giving information or directing someone to do something, typically used within the context of teaching or guiding.

Heterosexual Transmission

The spread of a disease or condition from one person to another through sexual contact between individuals of the opposite sex.

Viral Load

The measure of the quantity of viral particles present in a specific volume of fluid, commonly used in the context of HIV to monitor treatment effectiveness.