Which of the Following Journal Entries Would Be Recorded If

question 178

Multiple Choice

Which of the following journal entries would be recorded if a business purchased office supplies on account in a previous accounting period and now makes a cash payment of $750 to the supplier to settle the account?

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Definitions:

Anaerobic Respiration

Anaerobic respiration is a process by which cells produce energy without the need for oxygen, through fermentation or other means.

Aerobic Respiration

The process of producing cellular energy involving oxygen.

ATP

Adenosine triphosphate, a molecule that provides energy to drive many processes in living cells, acting as a universal energy currency.

Tropomyosin

A regulatory protein in muscle cells that blocks the binding site for myosin on actin molecules, preventing muscle contraction in the absence of calcium.