Kizspy | Question: 6
(Choose 1 answer)
If Smith, the owner of a restaurant, uses cash of the business to pay for renting his house, the business
should record this use of cash with an entry to:
A. Debit Expense and credit Cash.
B. Credit Expense and Debit Cash.
C. Debit Cash and credit Withdrawals.
D. Debit Withdrawals and credit Cash.
E. Debit Equipment - Car and credit Cash.
