Following Is a List of Account Balances (Except for Owner's

question 86

Multiple Choice

Following is a list of account balances (except for owner's capital) of Wilson Mowing Service as of December 31 of the first year of operation: The proprietor, J.D. Wilson, contributed $3,000 at the beginning of the year; during the year, the proprietor took $12,000 in drawings.
At the end of the year, what is the amount of total assets?

• A)$12,200
• B)$24,100
• C)$11,900
• D)$21,200

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Definitions:

Contextual Perspective

The approach of considering the influence of environmental, social, and historical contexts on events, behaviors, and decisions.

Gender Typing

The process by which a child becomes aware of their gender and behaves according to their cultural norms and expectations.

Socialization

The process by which individuals learn and adopt the norms, values, customs, and behaviors appropriate to their society or social group.

Instrumental Aggression

Aggressive behavior aimed at achieving a specific goal or end, rather than out of anger or frustration.