Dina Kader Withdrew a Total of $35,000 from Her Business

Multiple Choice

Dina Kader withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals account is:

A) Debit Income Summary and credit Cash for $35,000.
B) Debit Dina Kader, Withdrawals and credit Cash for $35,000.
C) Debit Income Summary and credit Dina Kader, Withdrawals for $35,000.
D) Debit Dina Kader, Capital and credit Dina Kader, Withdrawals for $35,000.
E) Debit Dina Kader, Withdrawals and credit Dina Kader, Capital for $35,000.