Arlene Dominic Is a Partner in a Partnership, and at 1

question 48

Multiple Choice

Arlene Dominic is a partner in a partnership, and at 1 July 2013, her capital balance was $42 000. On the same day, she made withdrawals of $4 000 from the partnership. What entry is made on the partnership books?

• A)Debit A. Dominic, drawings; credit cash
• B)Debit Cash; credit A. Dominic, drawings
• C)Debit A. Dominic, capital; credit cash
• D)Debit Cash; credit A. Dominic, capital

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