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On October 5, 2023, partners Drake Graham and John Santia withdrew from the partnership $5,000 and $10,000, respectively. The journal entry to record the transaction
On October 5, 2023, partners Drake Graham and John Santia withdrew from the partnership $5,000 and $10,000, respectively. The journal entry to record the transaction will include: Select one: a. Credit Santia, Withdrawals for $10,000 b. Credit Income Summary for $15,000 c. Debit Graham, Withdrawals for $5,000 d. Debit Cash for $15,000
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Sm Auditing Integrated Appr Review Copy
Authors: ARENS LO, EBBECKE
7th Edition
0135914396, 978-0135914397
