Classic Artists' Services Has Hired a Maintenance Man to Maintain

question 71

Multiple Choice

Classic Artists' Services has hired a maintenance man to maintain a building they use for instruction.He will begin work on February 1 and work through till May 31.They will pay the maintenance man $2,000 at the end of May.Classic Artists' Services accrue Maintenance expense at the end of every month.What is the balance in the Accounts payable account for amounts owed to the maintenance man at the end of March?

• A) Debit balance of $2,000
• B) Credit balance of $1,000
• C) Debit balance of $1,000
• D) Credit balance of $2,000

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Definitions:

Extrinsic Motivation

Motivation that is driven by external rewards such as money, fame, grades, or praise.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as a drive or need present in everyone.

Esteem Needs

According to Maslow's hierarchy of needs, the need for self-esteem, achievement, respect, and recognition from others.

Social Needs

Fundamental human requirements for belonging, love, and affection within interpersonal relationships.