Question: Prepare a journal entry on December 2 3 for the withdrawal of $ 1 5 , 0 0 0 by Graeme Schneider for personal use.

Prepare a journal entry on December

23

for the withdrawal of $

15, 000

by Graeme Schneider for personal use. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.

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