Wilson Furniture Company Is a Sole Proprietorship

question 171

Multiple Choice

Wilson Furniture Company is a sole proprietorship.Wilson contributed $40,000 of cash in exchange for capital.Which of the following accounts will be debited?

• A) Accounts Receivable
• B) Cash
• C) Wilson, Capital
• D) Accounts Payable

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Definitions:

Self-handicapping Strategy

Behavioral or psychological tactics employed by individuals to prevent self-blame by generating excuses or hindrances to performance in anticipation of potential failure.

Internal Causes

Factors originating within the organism or system that affect behavior, thoughts, or actions.

Lack of Sleep

A condition characterized by insufficient rest, which can have negative effects on physical, mental, and emotional health.

Personality Traits

Enduring characteristics that describe an individual's behavior, such as extraversion, agreeableness, and conscientiousness.