The Effect on the Accounting Equation of the Business Invoicing

question 21

Multiple Choice

The effect on the accounting equation of the business invoicing J.Bird for $1700 for computing services supplied to her on credit:

• A)is an increase in the asset accounts receivable and an increase in profit and loss by $1700 to record the income earned.
• B)is an increase in the asset cash and an increase in profit and loss by $1700 to record the income earned.
• C)is a decrease in the asset cash and an increase in the asset accounts receivable of $1700 to record the amount paid.
• D)is a decrease in the asset accounts receivable and an increase in profit and loss by $1700 to record the income earned.

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Definitions:

Transitional Epithelium

A form of epithelial tissue capable of expanding and shrinking, situated along the linings of organs like the bladder.

Uterus

A female reproductive organ where a fertilized egg implants and develops into a fetus.

Fetus

The developmental stage of a mammal occurring after embryonic stage and before birth, during which organs and structures continue to develop.

Menstrual Cycle

The monthly series of physiological changes in women and female primates that involves ovulation and the possibility of fertilization if sexual intercourse occurs.