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Sam Snead, the Owner of Snead's Fine Golf Wear, Used  Withdrawals 1,800 Cash 1,800\begin{array} { | c | r | r | } \hline \text { Withdrawals } & 1,800 & \\\hline \text { Cash } & & 1,800 \\\hline\end{array}

Question 78

Multiple Choice

Sam Snead, the owner of Snead's Fine Golf Wear, used $1,800 of his personal funds to go on vacation. Which of the following is the most appropriate treatment regarding this transaction?


A)  Withdrawals 1,800 Cash 1,800\begin{array} { | c | r | r | } \hline \text { Withdrawals } & 1,800 & \\\hline \text { Cash } & & 1,800 \\\hline\end{array}
B)  Travel expense 1,800 Cash 1,800\begin{array} { | c | r | r | } \hline \text { Travel expense } & 1,800 & \\\hline \text { Cash } & & 1,800 \\\hline\end{array}
C) record a memorandum in the general journal
D) do not record the transaction in the general journal

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