If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a

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If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to

a. Debit Salary Expense and credit Cash.

b. Debit Tim Jones, Salary and credit Cash.

c. Debit Cash and credit Tim Jones, Withdrawals.

d. Debit Tim Jones, Capital and credit Cash.

e. None of the above.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:38 AM

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If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a

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Glencoe Accounting First Year Course

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