A Business Purchased Office Supplies of $10,000 Using a Note

question 43

Multiple Choice

A business purchased office supplies of $10,000 using a note.The business would:

• A)debit Supplies for $10,000 and credit Accounts Payable for $10,000.
• B)debit Supplies for $10,000 and credit Notes Payable for $10,000.
• C)debit Note Receivable for $10,000 and credit Supplies for $10,000.
• D)debit Note Receivable for $10,000 and credit Supplies Expense for $10,000.

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Definitions:

Marion Petrie

A researcher known for her work on sexual selection, particularly regarding the role of peacock tail feathers in attracting mates.

Sexual Selection Model

A theoretical construct that explains how certain traits are favored because they increase an individual's chances of reproductive success.

Direct Benefits

Advantages that directly affect an individual's survival or reproduction, typically gained through mate choice or specific behaviors.

Indirect Benefit

Advantages gained by an individual from choosing a particular mate that affect the genetic quality of their offspring rather than providing immediate gains.