Question Mode

Multiple Select Question

Select all that apply

T$.$ Thomas withdraws from his partnership with five other partners and takes cash equal to his capital balance, in the amount of $$25,000.$ The journal entry to reflect this transaction would include which of the following? $($Check all that apply.$)$

Multiple select question.

Credit to Cash

Debit to Cash

Credit to T$.$ Thomas, Capital

Debit to T$.$ Thomas, Capital