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If Taylor Willow,the Owner of Willow Hardware Proprietorship,uses Cash of the Business

Question 138

Multiple Choice

If Taylor Willow,the owner of Willow Hardware proprietorship,uses cash of the business to purchase a family automobile,the business should record this use of cash with an entry to:


A) Debit Salary Expense and credit Cash.
B) Debit Cash and credit Salary Expense.
C) Debit Cash and credit T.Willow,Withdrawals.
D) Debit T.Willow,Withdrawals and credit Cash.
E) Debit Automobiles and credit Cash.

Correct Answer:

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