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

question 2

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 23 transaction will include a credit of $430 to

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

---

Definitions:

Power Steering Pump

The gear- or belt-driven pump that supplies pressurized fluid to the steering gearbox.

Vacuum

In an engine, air pressure that is lower than atmospheric pressure.

Hydro-Boost

A power brake booster that uses hydraulic pressure from the power steering system to assist in braking.

Power Steering System

A system in vehicles that uses hydraulic or electric power to assist the driver in steering, reducing manual effort.