Kenny and Jeff formed a partnership business.During the year,Kenny and Jeff withdrew $25,000 and $18,000,respectively.Which of the following will be included in the journal entry to record the withdrawals?
A)credit to Kenny,drawings for $21,500
B)credit to Jeff,drawings for $18,000
C)debit to Kenny,drawings for $25,000
D)debit to Jeff,drawings for $21,500

Question

Quizplus · Accepted Answer

Withdrawals by partners are recorded as debits to their respective drawings accounts.

Kenny and Jeff Formed a Partnership Business