If Tim Jones, the Owner of Jones Hardware Proprietorship, Uses

question 79

Multiple Choice

If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to:

• A) Debit Salary Expense and credit Cash.
• B) Debit Tim Jones, Salary and credit Cash.
• C) Debit Cash and credit Tim Jones, Withdrawals.
• D) Debit Tim Jones, Withdrawals and credit Cash.
• E) Debit Automobiles and credit Cash.

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Definitions:

Government Services

Services provided by the government to meet the needs of its citizens, including education, healthcare, transportation, and public safety.

Local Level

Pertaining to governance, decision-making, or implementation that occurs at the most immediate, community-based part of society, such as cities or towns.

Spoils System

A political practice where a political party, after winning an election, gives government jobs to its supporters as a reward and as an incentive to keep working for the party.

Bureaucratic Appointments

The process of assigning individuals to positions within governmental organizations or agencies, often based on qualifications and sometimes political affiliations.