If an owner withdraws cash for personal use, the transaction should be recorded in the A) sales

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If an owner withdraws cash for personal use, the transaction should be recorded in the

A) sales journal.

B) cash receipts journal.

C) general journal.

D) cash payments journal.

Related Book For answer-question

College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Posted Date: Feb 15, 2022 03:24 AM

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If an owner withdraws cash for personal use, the transaction should be recorded in the A) sales

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Expert Answer:

D cash payments journal The cash payments journal is used to record all transactions in which cash i... View the full answer

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