Question
TB MC Qu. 04-99 K. Canopy, the proprietor of Canopy Services... K. Canopy, the proprietor of Canopy Services, withdrew $6,000 from the business during the
TB MC Qu. 04-99 K. Canopy, the proprietor of Canopy Services...
K. Canopy, the proprietor of Canopy Services, withdrew $6,000 from the business during the current year. The entry to close the withdrawals account at the end of the year is:
Multiple Choice
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Debit K Canopy, Withdrawals $6,000; credit Cash, $6,000
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Debit K. Canopy, Capital $6,000; credit K. Canopy, Withdrawals $6,000
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Debit K. Canopy, Withdrawals $6,000; credit K. Canopy, Capital $6,000
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Debit K. Canopy, Capital $6,000, credit Salary Expense $6,000
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Debit Income Summary $6,000; credit K. Canopy, Capital $6,000
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Video Basics
Authors: Herbert Zettl
6th Edition
0495569437, 9780495569435
