menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting Study Set 8
  4. Exam
    Exam 3: The Recording Process: Debits and Credits
  5. Question
    Jake Beacham Withdrew $600 from His Business for Personal Use
Solved

Jake Beacham Withdrew $600 from His Business for Personal Use

Question 9

Question 9

Multiple Choice

Jake Beacham withdrew $600 from his business for personal use. This transaction is recorded with a


A) debit to Salaries and Wages Expense.
B) credit to Owner's Capital.
C) debit to Owner's Drawing.
D) credit to Salaries and Wages Expense.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: The chart of accounts is a<br>A) list

Q5: A debit is the normal balance for

Q6: When the owner withdraws cash for personal

Q7: Purchasing supplies on account increases total assets.

Q11: Credit always means<br>A) increase.<br>B) decrease.<br>C) left side<br>D)

Q12: Sigur Ros Company is a newly organized

Q75: The double-entry system is a logical method

Q90: Assets normally show<br>A) credit balances.<br>B) debit balances.<br>C)

Q174: The right side of an account<br>A) is

Q202: A T-account is<br>A) a way of depicting

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines