A Check Drawn by a Company for $340 in Payment

question 158

Multiple Choice

A check drawn by a company for $340 in payment of a liability was recorded in the journal as $430. What entry is required in the company's accounts?

• A) debit Accounts Payable; credit Cash
• B) debit Cash; credit Accounts Receivable
• C) debit Cash; credit Accounts Payable
• D) debit Accounts Receivable; credit Cash

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Definitions:

Descent With Modification

Descent with modification refers to the passing of traits from parents to offspring. Darwin recognized that, over time, this process could account for gradual change in species’ traits and homology.

Evolution

The process through which species undergo changes over time due to genetic variation and natural selection.

Allele Frequencies

The proportional occurrences of various alleles for a specific gene within a certain population.

Adaptive Traits

Features of an organism that have evolved through natural selection and increase survival and reproductive success in a particular environment.