The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability...

 

Transcribed Image Text:

The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salarles from the partnership during the year, Is: A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense John, Drawing Hope, Drawing John, Capital Hope, Capital Salaries Payable John, Capital Hоpе, Саpital John, Drawing Hope, Drawing XXX XXX XXX B) XXX XXX XXX C) XXX XXX XXX D) XXX XXX XXX XXX Multiple Cholce Option A. Option B. Option C. Option D. The approprlate format of the December 31, 2017 closing entry for John & Hope Limited Liability Partnership, whose two partners had withdrawn their salarles from the partnership during the year, Is: A) John, Drawing Hope, Drawing Salaries Payable Salaries Expense John, Drawing Hope, Drawing John, Capital Hope, Capital Salaries Payable John, Capital Hоpе, Саpital John, Drawing Hope, Drawing XXX XXX XXX B) XXX XXX XXX C) XXX XXX XXX D) XXX XXX XXX XXX Multiple Cholce Option A. Option B. Option C. Option D.

Answer rating: 100% (QA)

The correct answer is Option D The appropriate format of ... View the full answer