5. The company owner took $5,000 cash for personal use. What is the entry for this transaction?...
Question:
5. The company owner took
$5,000 cash for personal use. What is the entry for this transaction?
a. Debit Cash and credit Caleb Parker, Capital.
b. Debit Cash and credit Caleb Parker, Drawing.
c. Debit Caleb Parker, Drawing and credit Cash.
d. Debit Caleb Parker, Capital and credit Cash.
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781259995156
4th Edition
Authors: M. David Haddock
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