Kenny and Jeff Formed a Partnership Business

question 92

Multiple Choice

Kenny and Jeff formed a partnership business. During the year, Kenny and Jeff withdrew $30,000 and $20,000, respectively. Which of the following will be included in the journal entry to record the withdrawals?

• A)debit to Kenny, Withdrawals for $30,000
• B)debit to Jeff, Withdrawals for $25,000
• C)credit to Kenny, Withdrawals for $25,000
• D)credit to Jeff, Withdrawals for $20,000

---

Definitions:

Urobilinogen

A colorless by-product of bilirubin reduction, formed in the intestines by bacteria, and can be found in urine and feces.

Leukocytes

White blood cells that are part of the body's immune system, fighting infection and disease.

Hemoglobin

A protein found in red blood cells responsible for transporting oxygen from the lungs to the body's tissues and returning carbon dioxide from the tissues back to the lungs.

Nitrites

Nitrites are chemical compounds that can be used as food preservatives or can occur naturally, but in high amounts can be harmful.