A Journal Entry Contains a Debit to a Liability Account

question 127

Multiple Choice

A journal entry contains a debit to a liability account and a credit to a revenue account.This is an example of a(n) :

• A)accrued expense.
• B)deferred expense.
• C)unearned revenue.
• D)accrued revenue.

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Definitions:

Alveoli

Clusters of air sacs in which the exchange of gases between air and blood takes place; located in the lungs.

Bronchioles

A part of the respiratory tract that branches from the tertiary bronchi.

Pleura

The membranes that surround the lungs.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wavelike manner to transport substances or facilitate movement.