Multiple Choice
Karen Meyer owns and operates Crystal Cleaning Company. Recently, Meyer withdrew $10,000 from Crystal Cleaning, and she contributed $6,000, in her name, to the American Red Cross. The contribution of the $6,000 should be recorded on the accounting records of which of the following entities?
A) Crystal Cleaning and the American Red Cross
B) Karen Meyer's personal records and the American Red Cross
C) Karen Meyer's personal records and Crystal Cleaning
D) Karen Meyer's personal records, Crystal Cleaning, and the American Red Cross
Correct Answer:
Verified
Correct Answer:
Verified
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