Adjusting Entries

question 86

Multiple Choice

Adjusting entries:

• A) Affect only income statement accounts.
• B) Affect only balance sheet accounts.
• C) Affect both income statement and balance sheet accounts.
• D) Affect only cash flow statement accounts.
• E) Affect only equity accounts.

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Definitions:

Preparatory Reaction

The phase in cellular respiration where pyruvate is converted into acetyl CoA before entering the citric acid cycle.

Glycolysis

Glycolysis is a metabolic pathway that converts glucose into pyruvate, releasing energy and pyruvic acid as end products.

Electron Transport Chain

A series of complexes that transfer electrons from electron donors to electron acceptors via redox reactions, coupled with the transfer of protons across a membrane, creating a gradient used to produce ATP.

Acetyl-CoA

A molecule that plays a key role in metabolism, linking glycolysis and the Krebs cycle in energy production.