menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    A Business Pays Cash Back to the Owner
Solved

A Business Pays Cash Back to the Owner

Question 28

Question 28

Multiple Choice

A business pays cash back to the owner.Which account is credited?


A) Service revenue
B) Drawings
C) Accounts payable
D) Cash

Correct Answer:

verifed

Verified

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

Related Questions

Q16: When recording a transaction in a journal,the

Q24: The following are the current month's

Q25: Which of the following journal entries

Q26: A trial balance is the list of

Q27: When is a trial balance usually prepared?<br>A)After

Q29: The following transactions for the month of

Q30: A business pays $500 cash for supplies.Which

Q31: Which of the following is NOT an

Q33: The following transactions for the month of

Q108: For liabilities and revenues,a debit increases the

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