Which of the Following Entries Records the Owner Taking Cash

question 49

Multiple Choice

Which of the following entries records the owner taking cash for personal use?

• A) Wage Expense, debit; Cash, credit
• B) Capital, debit; Cash, credit
• C) Withdrawals, debit; Cash, credit
• D) No entry is necessary since this is a personal transaction.

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Definitions:

Learned Helplessness

A psychological condition in which individuals believe they lack control over events and therefore do not try to change their situation despite having the ability to do so.

Animals

Multicellular, eukaryotic organisms in the kingdom Animalia that are capable of movement and respond to their environment; they consume organic material, breathe oxygen, and can reproduce.

Secondary Reinforcers

Stimuli that acquire their reinforcing properties through association with primary reinforcers, often linked to satisfying basic needs.

Negative Reinforcers

An aversive stimulus whose removal following a behavior increases the likelihood of that behavior being repeated.