A Business Has Beginning Capital of $100,000

question 57

Multiple Choice

A business has Beginning capital of $100,000.During the year,sales revenues were $20,000,Sales returns and allowances were $300,Sales discounts were $700,Cost of goods sold were $12,000,and all other expenses totaled $4,500.$1,000 of withdrawals were taken.The ending balance in Capital,after closing entries,would be:

• A) $119,000.
• B) $98,500.
• C) $101,500.
• D) $1,500.

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Definitions:

Discrimination Learning

A process in learning where an organism learns to respond differently to various stimuli that are not identical.

Aversive US

An unpleasant or harmful unconditioned stimulus used in classical conditioning to produce a negative response.

Appetitive CS

A conditioned stimulus that predicts the arrival of a desirable outcome, often used in research to study how anticipatory behaviors are learned.

Unconditioned Stimulus

A stimulus that innately and spontaneously evokes a reaction without any previous conditioning.