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3 The appropriate format of the December 31, 2020 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salaries
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The appropriate format of the December 31, 2020 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salaries from the partnership during the year, is: A) XXX XXX XXX B) XXX XXX XXX c) - XXX XXX John, Drawing Hope, Drawing Salaries Payable Salaries Expense John, Drawing Hope, Drawing John, Capital Hope, Capital Salaries Payable John, Capital Hope, Capital John, Drawing Hope, Drawing John, Capital Hope, Capital Drawing Expense XXX D) XXX XXX XXX XXX E) XXX XXX XXX Multiple Choice Option SU XXX XXX E) John, Drawing Hope, Drawing John, Capital Hope, Capital Drawing Expense XXX XXX xxx Multiple Choice Option E Option B Option A Option Option Step by Step Solution
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