The Proprietor of Martin Supply Services Took a $5,000 Cash

question 144

Multiple Choice

The proprietor of Martin Supply Services took a $5,000 cash withdrawal.Which of the following accounts decreased?

• A) Office supplies
• B) Accounts payable
• C) Accounts receivable
• D) Owner's capital

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Definitions:

Social Service Organization

An entity designed to provide assistance and support to individuals and communities in need, offering services such as counseling, food aid, and shelter.

Child Protective Services

An agency designed to respond to reports of child abuse or neglect, ensuring the safety and wellbeing of children.

Child Abuse

Physical, sexual, emotional mistreatment, or neglect of a child by a parent, caregiver, or another person in a position of trust.

State Charge

A state charge refers to a financial or legal obligation enforced by a government entity, such as taxes, fines, or fees for services.