Assuming a Single Journal Entry Is Made to Adjust Quinn

question 137

Multiple Choice

Assuming a single journal entry is made to adjust Quinn Company's accounting records at January 31, the journal entry includes:

• A) A debit to Rent Expense for $90.
• B) A credit to Accounts Receivable,G.Denton, for $426.
• C) A credit to Cash for $450.
• D) A credit to Cash for $1,720.

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Definitions:

One Acre Fund

A non-profit organization that supplies smallholder farmers in Africa with asset-based financing and agriculture training services to reduce hunger and poverty.

African Smallholder Farmers

Refers to farmers in Africa operating on relatively small plots of land and using mostly traditional methods to grow crops for their sustenance and for sale.

Urban U.S. Gardeners

Individuals or groups engaged in gardening within urban environments in the United States, focusing on growing plants for consumption or aesthetic purposes in limited space.

CSR Strategy

Corporate Social Responsibility Strategy; a business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.