Dennis,owner of Dennis' Golf Center,withdrew $900 in cash from the business.Record the transaction by:
A) debiting Dennis,Withdrawals,$900; crediting Cash,$900.
B) debiting Accounts Receivable,$900; crediting Cash,$900.
C) debiting Expense,$900; crediting Cash,$900.
D) debiting Dennis,Withdrawals,$900; crediting Dennis,Capital,$900.
Correct Answer:
Verified
Q26: Which of the following types of accounts
Q29: When recording transactions in two or more
Q34: Which of the statements of the rules
Q36: The Accounts Receivable account has total debit
Q37: Accounts Receivable has a normal balance of
Q38: Office Supplies had a normal starting balance
Q44: The chart of accounts:
A)is a numbered list
Q55: One asset would be debited and another
Q63: The business bought supplies on account. To
Q67: A debit to a liability account was
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents