Clement Company Paid an Account Payable Related to a Previous

question 12

Multiple Choice

Clement Company paid an account payable related to a previous utility bill of $1,000.This transaction should be recorded as follows on the payment date:

• A)Debit Accounts Payable $1,000,credit Cash $1,000.
• B)Debit Cash $1,000,credit Accounts Payable $1,000.
• C)Debit Utilities Expense $1,000,credit Cash $1,000.
• D)Debit Cash $1,000,credit Utilities Expense $1,000.

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Definitions:

Conservative Reaction

A response or movement aiming to preserve existing social, political, or economic orders, often opposing radical changes or innovations.

Classical Theory

In sociology, it refers to early frameworks for understanding society and its structures, emphasizing rationality, liberty, and equality.

Enlightenment Thinking

An intellectual movement in 18th-century Europe emphasizing reason, individualism, and skepticism of traditional authority.

Power Structure

The organization and distribution of power within a society, determining how decisions are made and who holds influence.