Martin Supply Service Paid $350 Cash to a Materials Supplier

question 88

Multiple Choice

Martin Supply Service paid $350 cash to a materials supplier that it owed from the previous month.What is the effect of the cash payment on accounts of the business?

• A) Materials account increases; Owner's capital account decreases.
• B) Cash account decreases; Accounts payable increases.
• C) Accounts payable increases; Owner's capital account decreases.
• D) Cash account decreases; Accounts payable decreases.

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Definitions:

Optically Active

Describes a substance that has the ability to rotate the plane of polarization of polarized light, a property of chiral molecules.

Distillation

A process used to separate components of a liquid mixture based on differences in their boiling points.

(1S,2S,3R,5S)-Pinanediol

A specific stereochemical configuration of pinanediol, indicating the spatial arrangement of atoms around four chiral centers.

(1S,2R,3R,5R)-Pinanediol

A diol with a specific stereoisomeric configuration, derived from pinene, used in organic synthesis to protect or prepare chiral intermediates.