On January 1, Merry Walker and Other Stockholders Established a Catering

question 187

Essay

On January 1, Merry Walker and other stockholders established a catering service. Listed below are accounts to use for transactions a) through e), each identified by a number. Following this list are the transactions that occurred in Walker's first month of operation. You are to indicate for each transaction the accounts that should be debited and credited by placing the account numbers) in the appropriate box.
1. Cash
2. Accounts Receivable
3. Supplies
4. Prepaid Insurance
5. Equipment
6. Truck
7. Notes Payable
8. Accounts Payable
9. Common Stock
10. Dividends
11. Fees Earned
12. Wages Expense
13. Rent Expense
14. Utilities Expense
15. Truck Expense
16. Miscellaneous Expense
17. Insurance Expense

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Definitions:

Reinforcement

In psychology, it is a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a behavior increases the likelihood of that behavior being repeated in the future.

Nagging

The act of persistently annoying or finding fault in someone, often to prompt an action or change.

Aversive Conditioning

A method of behavior conditioning in which an undesirable behavior is paired with an aversive stimulus to reduce the behavior's occurrence.