A Business Has the Following Transactions

question 91

Multiple Choice

A business has the following transactions:
* The business received $16,000 cash and issued common stock to stockholders.
* The business purchases $600 of office supplies on account.
* The business purchases $3,000 of furniture on account.
* The business renders services to various clients totaling $10,000 on account.
* The business pays out $1,500 for salaries expense and $3,500 for rent expense.
* The business pays $800 to supplier for the office supplies purchased earlier.
* The business collects $4,000 from one of its clients for services rendered earlier in the month.
At the end of the month,all journal entries are posted to the ledger.Accounts Payable will appear as which of the following?

• A) Accounts Payable
• B) Accounts Payable
• C) Accounts Payable
• D) Accounts Payable

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, self-discipline, and thoughtfulness in pursuing goals.

Traits

Enduring characteristics or qualities that define an individual's behavior and personality.

Allport

Refers to Gordon Allport, an American psychologist known for his trait theory of personality, emphasizing the uniqueness of the individual.

Cattell

Refers to Raymond Cattell, a psychologist known for his work in personality theory, including the development of the 16 Personality Factor (16PF) questionnaire.