J Awn, the Proprietor of Awn Services, Withdrew $8,700 from the Business

Multiple Choice

J. Awn, the proprietor of Awn Services, withdrew $8,700 from the business during the current year. The entry to close the withdrawals account at the end of the year is:

A) Debit J. Awn, Withdrawals $8,700; credit Cash, $8,700
B) Debit J. Awn, Capital $8,700; credit J. Awn, Withdrawals $8,700
C) Debit J. Awn, Withdrawals $8,700; credit J. Awn, Capital $8,700
D) Debit J. Awn, Capital $8,700, credit Salary Expense $8,700
E) Debit Income Summary $8,700; credit J. Awn, Capital $8,700