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O> On January 15, the owner of a sole proprietorship withdrew $2,000 cash for personal use from the business. How would this entry be posted
O> On January 15, the owner of a sole proprietorship withdrew $2,000 cash for personal use from the business. How would this entry be posted to the ledger? a.) Cash 101 Date Explanation Jan-15 Ref Debit Credit 1 $2,000.00 1 1 Balance $ T O Owner's Withdrawal 302 Date Explanation Jan-15 Ref Debit 1. Credit Balance $2,000.00 $ th T P p b.) Wages Expense 501 Date Explanation Jan-15 Credit th Ref Debit 1 $2,000.00 Balance $ Cash 101 Date Explanation Jan-15 Ref Debit 1 Credit Balance $2.000.00$ c.) Owner's Withdrawal 302 Date Explanation Jan-15 Ref Debit Credit 1 $2,000.00 Balance $ O Cash 101 Date Explanation Jan-15 Ref Debit 1 Credit Balance $2,000.00 $ d.) Wages Expense 502 Date Explanation Jan 15 Ref Debit Credit 1 $2,000.00 Balance $ Accounts Payable 201 Date Explanation Jan-15 Balance Ref Debit 1 Credit $2.000.00
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