2001 Dec 17 30 Unit 21 ducationavley.com A AC114 Unit 2 Lab Quiz Question 3 of 25 View Policies -/1 Current Attempt in Progress Sam Ryo is the proprietor (owner) of Sams, antaller of gaf apparel. When recording the financial transactions of Sam's, Sam does not record an entry for a car he purchased for personal use. Sam took out a personal loan to pay for the car. What accounting concept guides Sam's behavior in this situation? O Monetary unit assumption Pay back concept Cash basis concept O Economic entity assumption Attempts: 0 of 1 used Subst Antwer