Which of the Following Journal Entries Would Be Recorded If

question 38

Multiple Choice

Which of the following journal entries would be recorded if a business makes a cash payment to a supplier of $600 "on account" (the business had purchased supplies on account in the previous month) ?

---

Definitions:

Triglyceride

A type of fat or lipid found in blood, formed from one molecule of glycerol and three fatty acids.

Micelle

An aggregate of surfactant molecules dispersed in a liquid colloid, forming a structure with hydrophobic tails in the center and hydrophilic heads on the outside.

Carbon-carbon Double Bond

A strong chemical bond involving the sharing of two pairs of electrons between two carbon atoms, characterized by its reactivity and presence in unsaturated compounds.

Unsaturated Fatty Acid

A type of fatty acid that contains one or more double bonds within its hydrocarbon chain, often found in vegetable oils and associated with health benefits.