J Smith Withdrew $100 from Jay's Limo Services for Personal $$\begin{array} { | l | r | r | } \hline \text { J. Smith, Capital } & 100 & \\\hline \text { J. Smith, Withdrawals } & & 100 \\\hline\end{array}$$

question 84

Multiple Choice

J. Smith withdrew $100 from Jay's Limo Services for personal use. Which of the following general journal entries will Jay's Limo Services make to record this transaction?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { J. Smith, Capital } & 100 & \\
• \hline \text { J. Smith, Withdrawals } & & 100 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { J. Smith, Withdrawals } & 100 & \\
• \hline \text { J. Smith, Capital } & & 100 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 100 & \\
• \hline \text { J. Smith. Withdrawals } & & 100 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 100 & \\
• \hline \text { J. Smith, Capital } & & 100 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | r | r | }
• \hline \text { J. Smith. Withdrawals } & 100 & \\
• \hline \text { Cash } & & 100 \\
• \hline
• \end{array}\]

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Definitions:

Perception

The process of organizing and interpreting sensory information from the environment to understand and interact with the world.

Theoretical Diversity

The existence of multiple theories within a discipline, allowing for varied approaches and understandings of phenomena.

Empirical Discipline

A field of study that relies on observation, experimentation, and evidence-based methods to acquire knowledge.

Groupthink

A psychological phenomenon where the desire for harmony and conformity in a group leads to an irrational or dysfunctional decision-making outcome.