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For each transaction provided, choose the appropriate account from the list that would receive a debit entry as a result of the transaction. (Choices may be used more than once.)
a.Cash
b.Accounts receivable
c.Supplies
d.Prepaid insurance
e.Land
f.Equipment
g.Accounts payable
h.Unearned revenues
i.Notes payable
j.Common stock
k.Retained earnings
l.Service revenue
m.Salary expense
n.Insurance expense
o.Utilities expense
p.Dividends
-Purchasing supplies on credit
Positivist
An individual who adheres to positivism, a philosophical system that recognizes only that which can be scientifically verified or which is capable of logical or mathematical proof.
Scientific Method
A systematic approach to research involving the collection of data, formulation of a hypothesis, experimentation, and validation or refutation of the hypothesis.
True Knowledge
Knowledge that is based on facts, evidence, and logical reasoning, widely accepted as accurate or true beyond reasonable doubt.
Operational Definition
A clear, specific description of a concept or variable in terms of the procedures or criteria used to measure or identify it in a research study.
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