Which of the Following Entries Would Be Recorded by a Company

question 92

Multiple Choice

Which of the following entries would be recorded by a company that uses the cash basis method of accounting?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 1,000 & \\
• \hline \text { Accounts Receivable } & & 1,000 \\
• \hline
• \end{array}\]
• B) \(\begin{array}{|l|r|c|}
• \hline \text { Salaries Expense } & 1,000 & \\
• \hline \text { Salaries Payable } & & 1,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array}{|l|r|c|}
• \hline \text { Prepaid Rent } & 1,000 & \\
• \hline \text { Cash } & & 1,000 \\
• \hline
• \end{array}\)
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Rent Expense } & 1,000 & \\
• \hline \text { Cash } & & 1,000 \\
• \hline
• \end{array}\]

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Definitions:

Listening Errors

Mistakes made in the process of listening that result in misunderstanding or not fully comprehending what is being said.

Self-absorption

A state in which an individual is excessively preoccupied with their own feelings, interests, or wellbeing.

Good Listening

The skill of actively engaging in listening by paying full attention, understanding, and responding thoughtfully to what is being said.

Being Criticized

Being criticized involves receiving critical feedback or negative judgement from others, which can be constructive and used for personal or professional improvement.