Jen Rogers Withdrew a Total of $35,000 from Her Business

question 122

Multiple Choice

Jen Rogers withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals account is:

• A) Debit Jen Rogers, Withdrawals and credit Cash for $35,000.
• B) Debit Jen Rogers, Capital and credit Jen Rogers, Withdrawals for $35,000.
• C) Debit Jen Rogers, Withdrawals and credit Jen Rogers, Capital for $35,000.
• D) Debit Income Summary and credit Cash for $35,000.
• E) Debit Income Summary and credit Jen Rogers, Withdrawals for $35,000.

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