Multiple Choice
If Taylor Willow, the owner of Willow Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to:
A) Debit Cash and credit T. Willow, Withdrawals.
B) Debit T. Willow, Withdrawals and credit Cash.
C) Debit Automobiles and credit Cash.
D) Debit Cash and credit Salary Expense.
E) Debit Salary Expense and credit Cash.
Correct Answer:

Verified
Correct Answer:
Verified
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