The appropriate format of the December 31, 2012 closing entry for John & Hope Limited Liability...

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The appropriate format of the December 31, 2012 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salaries from the partnership during the year is: XXX XXX A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense XXX B) XXX John, Drawing XXX Hope, Drawing XXX XXX John, Capital Hope, Capital Salaries Payable XXX XXX John, Capital XXX Hope, Capital XXX XXX John, Drawing Hope, Drawing XXX D) O Option E Option A Option C Option B Option D * © 2018 McGraw Hill Education. All The appropriate format of the December 31, 2012 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salaries from the partnership during the year is: XXX XXX A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense XXX B) XXX John, Drawing XXX Hope, Drawing XXX XXX John, Capital Hope, Capital Salaries Payable XXX XXX John, Capital XXX Hope, Capital XXX XXX John, Drawing Hope, Drawing XXX D) O Option E Option A Option C Option B Option D * © 2018 McGraw Hill Education. All

Answer rating: 100% (QA)

The Correct Option is D John Capital Hope Capital John Drawing Hope Drawing Because When te ... View the full answer