JSmith Withdrew $100 from Jay's Limo Services for Personal Use

question 85

Multiple Choice

J.Smith withdrew $100 from Jay's Limo Services for personal use.Which of the following general journal entries will Jay's Limo Services make to record this transaction?

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Definitions:

Retain Quality Employees

Strategies and practices aimed at keeping valuable and skilled staff members engaged and committed to an organization.

Financial Losses

Monetary losses that occur when the costs of conducting business exceed the income generated from business activities.

Closes

The final steps or actions taken in a sales process to conclude a deal or agreement effectively.

Manufacturer

A person or company that makes goods for sale, especially on a large scale or using industrial processes.