Solved

Kenny and Jeff Formed a Partnership Business

Question 24

Multiple Choice

Kenny and Jeff formed a partnership business.During the year,Kenny and Jeff withdrew $25,000 and $18,000,respectively.Which of the following will be included in the journal entry to record the withdrawals?


A) credit to Kenny,drawings for $21,500
B) credit to Jeff,drawings for $18,000
C) debit to Kenny,drawings for $25,000
D) debit to Jeff,drawings for $21,500

Correct Answer:

verifed

Verified

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

Related Questions