Kenny and Jeff Form a Partnership

question 54

Multiple Choice

Kenny and Jeff form a partnership.During the year,Kenny and Jeff withdraw $30,000 and $23,000,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 $7000
• C) credit to Kenny, Withdrawals for $30,000
• D) credit to Jeff, Withdrawals for $23,000

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