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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Definitions:

Diabetes Management

An ongoing process that includes the monitoring, control, and treatment of blood sugar levels in individuals with diabetes to prevent complications.

Parity Ratio

A measurement comparing the value of one set of goods, services, or income to another, typically used in agricultural economics or international trade.

Parity Price

A price level that ensures the purchasing power of a commodity is maintained relative to an index or standard, often used in agricultural policy.

Base Period

A specific time period against which economic indicators or financial indexes are measured to assess changes over time.