If Tim Jones, the Owner of Jones Hardware Proprietorship, Uses

question 79

Multiple Choice

If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to:

• A) Debit Salary Expense and credit Cash.
• B) Debit Tim Jones, Salary and credit Cash.
• C) Debit Cash and credit Tim Jones, Withdrawals.
• D) Debit Tim Jones, Withdrawals and credit Cash.
• E) Debit Automobiles and credit Cash.

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Definitions:

IP Addresses

Unique numerical labels assigned to devices on a network, following Internet Protocol standards, used for identification and location addressing.

Carbon Paper

Thin paper coated with a dry ink or pigmented coating, used to transfer a copy of a document onto another sheet by applying pressure.

Impact Printer

An impact printer refers to a type of printer that works by physically striking an ink ribbon against paper to produce text or images, such as a dot matrix printer.

SODIMM

Small Outline Dual Inline Memory Module; a smaller version of a DIMM used primarily in laptops and small form factor PCs due to its compact size.