The Journal Entry to Record the Withdrawal of Cash by Sue

question 25

Multiple Choice

The journal entry to record the withdrawal of cash by Sue Snow, the owner, to pay a personal utility bill would include:

• A)a debit to Utilities Expense and a credit to Cash.
• B)a debit to Sue Snow, Drawing and a credit to Cash.
• C)a debit to Sue Snow, Capital and a credit to Utilities Expense.
• D)a debit to Sue Snow, Capital, and a credit to Cash.

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Definitions:

Product Opportunities

Potential areas for new product development or enhancement of existing products based on market demand, trends, and consumer feedback.

Problem Questions

Questions posed by a seller to uncover a buyer's issues or challenges that the seller's product or service can resolve.

Multiple-Question Approach

A sales technique where various types of questions are used throughout the selling process to gather information, assess needs, and facilitate decision-making.

SPIN Approach

A strategic sales technique that involves asking Situation, Problem, Implication, and Need-payoff questions to understand a prospect's needs and propose solutions.