Ralph Pine Consulting Received Its Telephone Bill in the Amount

question 124

Multiple Choice

Ralph Pine Consulting received its telephone bill in the amount of $300, and immediately paid it. Pine's general journal entry to record this transaction will include a

• A) Debit to Cash for $300.
• B) Debit to Accounts Payable for $300.
• C) Credit to Telephone Expense for $300.
• D) Debit to Telephone Expense for $300.
• E) Credit to Accounts Payable for $300.

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Definitions:

Trespass to Land

A tort or wrongful act involving the unauthorized entrance or use of another's property, leading to potential legal liability.

Remedies

Solutions or legal means available to a complainant for enforcing a right or redressing a wrong.

Defenses

Legal reasons and arguments presented by a defendant in a legal proceeding to demonstrate why they should not be held liable for a charge or claim.

Actual Malice

A standard of proof in libel and defamation law showing that the person made a statement with knowledge of its falsity or reckless disregard for the truth.