Question
The owner, Marcus James, withdrew $3,000 from the business for personal use. Which of the following journal entries should the company record? a. Marcus James,
The owner, Marcus James, withdrew $3,000 from the business for personal use. Which of the following journal entries should the company record?
a.
Marcus James, Drawing3,000
Cash3,000
b.
Marcus James, Capital3,000
Cash3,000
c.
Marcus James, Drawing3,000
Fees Earned3,000
d.No entry is required.
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The Pricing Strategy Audit
Authors: Kent B. Monroe
1st Edition
1907766006, 978-1907766008
