Kizspy | Question: 11
(Choose 1 answer)
FJOVERFLOW.COM
(1786)
Dina Kader withdrew a total of $35,000 from her business during the current year. The entry needed to close
the withdrawals account is:
A. Debit Income Summary and credit Cash for $35,000.
B. Debit Dina Kader, Withdrawals and credit Cash for $35,000.
C. Debit Income Summary and credit Dina Kader, Withdrawals for $35,000.
D. Debit Dina Kader, Capital and credit Dina Kader, Withdrawals for $35,000.
E. Debit Dina Kader, Withdrawals and credit Dina Kader, Capital for $35,000.
