A Business Makes a Cash Payment of $12,000 to a Creditor.Which

question 156

Multiple Choice

A business makes a cash payment of $12,000 to a creditor.Which of the following accounts is credited?

• A) Cash
• B) Accounts Payable
• C) Bank
• D) Accounts Receivable

Understand the effects of toxins and drugs on neurotransmitter action.

Recognize the role of the spinal cord and brain structures in sensation and motor control.

Comprehend the process and importance of neurogenesis for learning and memory.

Understand the consequences of brain damage on language and communication.

---

Definitions:

Income Tax Expense

The amount of money that a company reports as an expense for paying state, federal, and foreign income taxes.

Gross Earnings

The total amount of income earned by an individual or entity before any deductions or taxes are applied.

Deductions

Amounts subtracted from gross income to reduce taxable income, including expenses, allowances, or certain types of losses.