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:

React with Fear

To respond to a situation or stimulus with a feeling of anxiety or dread, often as a means of protection or avoidance.

Associative Learning

A learning process in which an association is made between two stimuli or a behavior and a stimulus.

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, including perception, thinking, memory, and reasoning.

Expect Good Grades

The anticipation or belief that one will receive high marks or succeed academically.