Dennis, Owner of Dennis' Golf Center, Withdrew $700 in Cash

question 141

Multiple Choice

Dennis, owner of Dennis' Golf Center, withdrew $700 in cash from the business. Record the transaction by

• A) debiting Dennis, Withdrawals, $700; crediting Cash, $700.
• B) debiting Accounts Receivable, $700; crediting Cash, $700.
• C) debiting Expense, $700; crediting Cash, $700.
• D) debiting Dennis, Withdrawals, $700; crediting Dennis, Capital, $700.

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Definitions:

Instant Messaging

A form of real-time text communication between two or more people over the internet or another network.

Emotional Contagion

the phenomenon of having one person's emotions and related behaviors directly trigger similar emotions and behaviors in other people.

Media Richness

The capacity of a communication medium to convey information effectively, combining immediacy, feedback, personalization, and cue variety.

Organizational Grapevine

An informal communication network within an organization, often responsible for the spread of rumors, gossip, and unofficial information.