G. Venda, owner of Venda Services, withdrew ($25,000) from the business during the current year. The entry
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G. Venda, owner of Venda Services, withdrew \($25,000\) from the business during the current year. The entry to close the withdrawals account at the end of the year is:
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a. G. Venda, Withdrawals 25,000 G. Venda, Capital 25,000 b. Income Summary 25,000 G. Venda, Capital 25,000 c. G. Venda, Withdrawals 25,000 Cash 25,000 d. G. Venda, Capital 25,000 Salary Expense 25,000 e. G. Venda, Capital 25,000 G. Venda, Withdrawals 25,000
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Related Book For
College Accounting Ch 1-14
ISBN: 9781260904314
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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