Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | l | r | r | } \hline \text { Cash } & 200 & \\\hline \text { Supplies } & & 200 \\\hline\end{array}$$

question 136

Multiple Choice

Which of the following journal entries would be recorded if a business purchased $200 of supplies by paying cash?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 200 & \\
• \hline \text { Supplies } & & 200 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { Accounts payable } & 200 & \\
• \hline \text { Supplies } & & 200 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Supplies } & 200 & \\
• \hline \text { Cash } & & 200 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Supplies } & 200 & \\
• \hline \text { Accounts payable } & & 200 \\
• \hline
• \end{array}\]

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Definitions:

Hedonist Principle

The idea that the pursuit of pleasure and avoidance of pain are the primary or most important motivators of human behavior.

Self-Serving Decisions

Choices made that primarily benefit the decision-maker, often at the expense of others or ethical norms.

Balancing Interests Principles

Involves creating a fair and equitable approach to managing and reconciling the diverse and often competing interests of stakeholders in an organization or a project.

Probability of Effect

refers to the likelihood or chance that a specific action or condition will lead to a particular outcome or result.