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If Sybil Thorton Has Withdrawn $60,000 Cash and Amy Brown

Question 84

Multiple Choice

If Sybil Thorton has withdrawn $60,000 cash and Amy Brown has withdrawn $75,000 cash from the partnership during the year,then the closing entry would involve a:


A) debit to Thorton's withdrawals account for $60,000
B) credit to cash for $135,000
C) debit to Brown's withdrawals account for $75,000
D) credit to Thorton's withdrawals account for $60,000

Correct Answer:

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