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The Journal Entry to Record a Withdrawal by the Owner

Question 34

Multiple Choice

The journal entry to record a withdrawal by the owner would most commonly include:


A) a debit to Wage Expense and a credit to Cash.
B) a debit to Capital and a credit to Cash.
C) a debit to Withdrawals and a credit to Cash.
D) a debit to Cash and a credit to Wage Expense.

Correct Answer:

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