The Owner of BobCats R Us Paid His Personal Visa

question 76

Multiple Choice

The owner of BobCats R Us paid his personal Visa Card bill using a company check. The correct entry to record the transaction is:

• A) credit Cash; debit Capital.
• B) credit Cash; debit Supplies Expense.
• C) credit Cash; debit Withdrawals.
• D) credit Cash; debit Accounts Payable.

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Definitions:

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Operational Definition

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A state of intense happiness and self-confidence.