The Proper Journal Entry to Record a Proprietor Taking $500 $\begin{array} { | c | r | r | } \hline \text { Cash } & 500 & \\\hline \text { Withdrawals } & & 500 \\\hline\end{array}$

question 52

Multiple Choice

The proper journal entry to record a proprietor taking $500 cash from the business for personal use is:

• A) \(\begin{array} { | c | r | r | }
• \hline \text { Cash } & 500 & \\
• \hline \text { Withdrawals } & & 500 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | c | r | r | }
• \hline \text { Withdrawals } & 500 & \\
• \hline \text { Cash } & & 500 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | c | r | r | }
• \hline \text { Salary expense } & 500 & \\
• \hline \text { Cash } & & 500 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | r | r | }
• \hline \text { Loans payable } & 500 & \\
• \hline \text { Cash } & & 500 \\
• \hline
• \end{array}\)

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