Under the Periodic Inventory Approach an Appropriate Journal Entry to Measure

question 8

Multiple Choice

Under the periodic inventory approach an appropriate journal entry to measure closing inventory is:

• A) DR Opening inventory (cost of goods sold expense) CR Inventory (asset);
• B) DR Purchases (expense) CR Inventory (asset);
• C) DR Inventory (asset) CR Closing inventory (cost of goods sold expense);
• D) DR Purchases returns (cost of goods sold expense) CR Inventory (asset).

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Definitions:

Cardioregulatory Center

A region in the brain, specifically in the medulla oblongata, that regulates heart rate and blood pressure in response to changes in the body such as physical activity or stress.

Medulla Oblongata

The lowest region of the brainstem, controlling vital functions such as heart rate, breathing, and blood pressure.

Baroreceptor Reflexes

A mechanism by which the body maintains blood pressure, involving sensors that detect changes in blood pressure and trigger responses.

Heart Rate

The number of heartbeats per unit of time, typically expressed in beats per minute (bpm), indicating cardiovascular activity.