Kenny and Jeff formed a partnership business. During the year, Kenny and Jeff withdrew $30,000 and $20,000, respectively. Which of the following will be included in the journal entry to record the withdrawals?
A)debit to Kenny, Withdrawals for $30,000
B)debit to Jeff, Withdrawals for $25,000
C)credit to Kenny, Withdrawals for $25,000
D)credit to Jeff, Withdrawals for $20,000

Question

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The Answer of Kenny and Jeff formed a partnership business. During the year, Kenny and Jeff withdrew $30,000 and $20,000, respectively. Which of the following will be included in the journal entry to record the withdrawals?
A)debit to Kenny, Withdrawals for $30,000
B)debit to Jeff, Withdrawals for $25,000
C)credit to Kenny, Withdrawals for $25,000
D)credit to Jeff, Withdrawals for $20,000

Kenny and Jeff Formed a Partnership Business