The Journal Entry a Company Uses to Record the Payment

question 138

Multiple Choice

The journal entry a company uses to record the payment of a discounted note is

• A) debit Notes Payable and Interest Expense; credit Cash
• B) debit Notes Payable; credit Cash
• C) debit Cash; credit Notes Payable
• D) debit Accounts Payable; credit Cash

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Definitions:

NADH

Nicotinamide adenine dinucleotide (NADH) serves as a crucial coenzyme in the cellular energy production process, participating in redox reactions by carrying electrons from one reaction to another.

Electron Transport Chain

A series of protein complexes located in the inner membrane of mitochondria that facilitate the movement of electrons to generate ATP.

Electrons

Subatomic particles with a negative charge, found orbiting the nucleus of an atom, and crucial to chemical bonding and electricity.

Electrochemical Gradient

The combined difference in concentration and charge of ions across a membrane, driving the movement of ions through channels, critical for processes like muscle contraction and nerve transmission.