Multiple Choice
Emilia Feridy, the proprietor of EF Services, withdrew a total of $50 to pay for herdaughter's swimming lessons. What is the entry needed to record this transaction?
A) Debit Emilia Feridy, Capital and credit Cash for $50.
B) Debit Emilia Feridy, Withdrawals and credit Cash for $50.
C) Debit Emilia Feridy, Capital and credit Emilia Feridy, Withdrawals for $50.
D) Debit Cash and credit Emilia Feridy, Withdrawals for $50.
E) Debit Emilia Feridy, Withdrawals and credit Emilia Feridy, Capital for $50.
Correct Answer:

Verified
Correct Answer:
Verified
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