Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Noor, Tala and Sara are three partners on 31/12/2019 the capital balances are 10,000, 15,000 and 20,000 respectively on the same date Sara decide to

image text in transcribed

Noor, Tala and Sara are three partners on 31/12/2019 the capital balances are 10,000, 15,000 and 20,000 respectively on the same date Sara decide to withdraws from partnership, the company paid her $ 18,000 the debit side of journal entry is: Select one: h O a. cash 18,000 o b. sara capital 20,000 C. sara capital 18,000 d. cash 20,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: John Wild, Ken Shaw, Barbara Chiappetta

8th Edition

1264111924, 9781264111923

More Books

Students also viewed these Accounting questions

Question

In your opinion, is mental illness currently overdiagnosed?

Answered: 1 week ago