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:

Separation Anxiety

A disorder typically seen in children, characterized by excessive fear and worry about being parted from those to whom the child is attached.

Bowlby

Refers to John Bowlby, a British psychologist who is considered the father of attachment theory, focusing on the importance of early emotional bonds.

Daycare Staff

Individuals employed by child care centers or daycare facilities responsible for the supervision, education, and safety of children in their care.

Evolutionary Psychological Perspectives

Evolutionary Psychological Perspectives offer explanations for mental and psychological traits as adaptations, that is, as the functional products of natural selection.