Monaco & Associates
Use the Following Five Transactions for Monaco $\quad$

question 48

Multiple Choice

Monaco & Associates
Use the following five transactions for Monaco & Associates to answer the following question.
Oct. 1 $\quad$ Bills are sent to clients for services provided in September in the amount of $\$ 800$ .

9 $\quad$ Dravo Co. delivers office furniture $( \$ 1,060 )$ and office supplies $( \$ 160 )$ to Monaco leaving an invoice for $\$ 1,220$ .

15 $\quad$ Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9 .

23 $\quad$ A bill for $\$ 430$ for electricity for the month of September is received and will be paid on its due date in November.

31 $\quad$ Salaries of $\$ 850$ are paid to employees.
-See the transactions for Monaco & Associates. ?
The journal entry to record the October 15 transaction will include a debit of $1,220 to

• A)Salaries Expense.
• B)Salaries Payable.
• C)Prepaid Expenses.
• D)Accounts Payable.

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Definitions:

Tricyclic Drugs

A class of antidepressant medications used primarily in the treatment of depression and certain anxiety disorders, known for their chemical structure comprising three rings.

MAOIs

A class of antidepressant drugs that work by inhibiting the activity of monoamine oxidase, an enzyme involved in breaking down neurotransmitters in the brain.

ECT

Electroconvulsive Therapy, a medical treatment most commonly used for severe major depression which involves short electrical stimulation of the brain while the patient is under anesthesia.

Action Potentials

Short-lasting events in which the electrical membrane potential of a cell rapidly rises and falls, occurring in several types of animal cells, serving as a primary mechanism of communication in neurons.