Emilia Feridy, the Proprietor of EF Services, Withdrew a Total

question 37

Multiple Choice

Emilia Feridy, the proprietor of EF Services, withdrew a total of $50 for to pay for her daughter's swimming lessons. What is the entry needed to record this transaction?

• A) Debit Emilia Feridy, Capital and credit Cash for $50.
• B) Debit Emilia Feridy, Withdrawals and credit Cash for $50.
• C) Debit Emilia Feridy, Withdrawals and credit Emilia Feridy, Capital for $50.
• D) Debit Emilia Feridy, Capital and credit Emilia Feridy, Withdrawals for $50.
• E) Debit Cash and credit Emilia Feridy, Withdrawals for $50.

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Definitions:

Negotiation Strategy

A planned approach or set of tactics employed by an individual or team to achieve desired outcomes or goals in a negotiation.

Cultures

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

National Borders

Geographical boundaries that separate different countries and define the territorial jurisdiction of each nation.

Adapt

To modify oneself or one's behavior to better suit a new or changing environment or situation.