If Taylor Willow,the Sole Stockholder of Willow Hardware,uses Cash of the Business

question 14

Multiple Choice

If Taylor Willow,the sole stockholder of Willow Hardware,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 Cash and credit Salary Expense.
• C)Debit Cash and credit Dividends.
• D)Debit Dividends and credit Cash.
• E)Debit Automobiles and credit Cash.