Which of the following entries records the withdrawal of cash for per sonal use by Dolan, the
Question:
Which of the following entries records the withdrawal of cash for per¬
sonal use by Dolan, the owner of a business firm?
a. Debit Cash and credit Drawing
b. Credit Cash and debit Salary Expense
c. Debit Cash and credit Salary Expense
d. Credit Cash and debit Drawing
e. None of the above
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Related Book For
College Accounting Chapters 1-26
ISBN: 9780395796993
6th Edition
Authors: Douglas J. McQuaig, Patricia A. Bille
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