Partners G Have Withdrawn $65,000 and Partner H Has Withdrawn

question 20

Multiple Choice

Partners G have withdrawn $65,000 and partner H has withdrawn $1 from the partnership of G & H for the year ending December 31.What is the correct entry to close their capital accounts on December 31?

• A)​Debit G Drawing for $65,000 Debit H Drawing for $1
• B)​Debit G Capital for $65,000, Debit H Capital for $1
• C)​Debit Each partners Capital accounts for $33,000
• D)​None of above

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Definitions:

Sensory Receptors

Specialized cells or structures in organisms that respond to external stimuli and send signals to the nervous system.

Meissner Corpuscles

Specialized nerve endings in the skin that are sensitive to touch and vibration, especially in hairless areas.

Merkel Disks

A type of mechanoreceptor found in the skin, which responds to light touch.

Theta Waves

Theta waves are a type of brainwave frequently associated with sleep and deep meditation, characterized by a frequency range from 4 to 8 Hz and often linked to creativity, meditation, and REM sleep.