HVAC Service
the Following Transactions Occurred During November:
Nov $\quad$

question 145

Multiple Choice

HVAC Service
The following transactions occurred during November:
Nov. 1 $\quad$ The company sent bills to clients for services provided in August in the amoun of $\$ 12,000$ .

Nov. 9 $\quad$ The company purchased office equipment of $\$ 4,000$ and office supplies of $\$ 150$ from Office Depot, receiving an invoice for $\$ 4,150$ . None of the office supplies were used during November.

Nov. 15 $\quad$ The company paid for the office furniture and supplies purchased from Office Depot.

Nov. 23 $\quad$ The company received a $\$ 350$ bill from CKRP Radio for advertising. The bill will be paid next month.

Nov. 30 $\quad$ The company paid salaries of $\$ 2.500$ to employees.
-Refer to the figure HVAC Service.The journal entry to record payment of the salaries will include a credit.What account will be credited?

• A) salary expense
• B) salary payable
• C) prepaid salaries
• D) cash

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Definitions:

Range

The difference between the highest and lowest values in a data set, indicating its spread.

Coefficient of Variation

A metric that quantifies the spread of data points around the mean within a dataset, represented as a percentage of the mean itself.

Variance

A statistical measure of the dispersion of a set of data points in a data distribution, showing how each data point differs from the mean.

Variance

A measurement of the spread between numbers in a data set, indicating how much the numbers differ from the mean.