Macky McClung Uses Accrual Accounting to Keep the Records of Her

question 20

Multiple Choice

Macky McClung uses accrual accounting to keep the records of her toy store.She paid $15,000 on January 1 for rent for the three months January-March.To correctly report her expenses for the month of January,what must her accounting entry accomplish?

• A)increase expenses by $5,000 and decrease assets by $10,000
• B)increase expenses by $5,000 and decrease assets by $5,000
• C)increase expenses by $10,000 and decrease assets by $5,000
• D)decrease expenses by $5,000 and increase assets by $5,000

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Definitions:

Pool Their Signals

This concept involves combining multiple indicators or signals to enhance decision-making or analysis.

Bipolar Cells

Bipolar cells are a type of neuron found in the retina, acting as a middle layer that relays signals from photoreceptors to ganglion cells.

Cones

Photoreceptor cells in the retina of the eye responsible for color vision under bright light conditions.

Bipolar Cells

Cells in the retina that act as a relay between photoreceptors and ganglion cells, transferring visual information.