Bill, owner of Bill's Golf Center, withdrew $1,600 in cash from the business. Record the transaction by:
A) debiting Bill, Withdrawals, $1,600; crediting Cash, $1,600.
B) debiting Accounts Receivable, $1,600; crediting Cash, $1,600.
C) debiting Expense, $1,600; crediting Cash, $1,600.
D) debiting Bill, Withdrawals, $1,600; crediting Bill, Capital, $1,600.
Correct Answer:
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