A business paid $100 to Karen Smith (the owner of the business)for her personal use.Set up two or more T-accounts below and show how this transaction would be recorded directly in those accounts. 
Definitions:
Marginal Revenue Product
The additional revenue generated by employing one more unit of a factor, such as labor or capital.
Variable Input
An input in the manufacturing process that changes in quantity relative to the level of production output.
Profit-Maximizing Level
The point at which a company achieves the highest profit possible, considering the level of output, costs, and pricing.
Nonlabor Resources
Inputs used in the production process that are not related to direct human labor, such as capital, land, and raw materials.
Q14: In a prevention program aimed at Type-A
Q15: A balance column ledger account is:<br>A) An
Q22: Prepaid expenses are:<br>A) Payments made for economic
Q33: Explain the difference between single-step and multiple-step
Q43: As a forensic psychologist working for a
Q58: The cost principle states that if no
Q72: The account format of the balance sheet
Q76: Research indicates that psychological interventions, such as
Q108: After preparing an unadjusted trial balance at
Q139: Prepare the necessary closing entries at December