Use the Following to Answer Questions

question 77

Multiple Choice

Use the following to answer questions :
-Term referring to the Spanish explorers and soldiers who conquered lands in the New World.

• A)Acoma pueblo revolt
• B)Black Death
• C)Columbian exchange
• D)conquistadors
• E)creoles
• F)encomienda
• G)Incan empire
• H)New Spain
• I)Protestant Reformation
• J)Reconquest
• K)Tainos
• L)Treaty of Tordesillas

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Definitions:

Liability Accounts

These accounts record obligations or amounts owed by a business to creditors, which can include loans, accounts payable, mortgages, and other debts.

Wages Payable

A liability account that records the amounts owed to employees for work performed that have not yet been paid.

Accounts Receivable

Funds that customers owe to a company for products or services provided but for which payment has not been received.

Unearned Revenue

Money received by a business for services or products yet to be delivered or provided, recognized as a liability on the balance sheet.