Kenny and Jeff Form a Partnership

question 13

Multiple Choice

Kenny and Jeff form a partnership.During the year,Kenny and Jeff withdraw $32,000 and $22,000,respectively.Which of the following will be included in the journal entry to record the withdrawals?

• A)debit to Kenny,Withdrawals for $32,000
• B)debit to Jeff,Withdrawals for $27,000
• C)credit to Kenny,Withdrawals for $27,000
• D)credit to Jeff,Withdrawals for $22,000

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Definitions:

Dinoflagellates

A group of single-celled, often photosynthetic organisms, found in marine and freshwater environments, known for their role in algal blooms and red tides.

Obligate Anaerobes

are organisms that can only survive in environments without oxygen because oxygen is toxic to their metabolic processes.

Obligate Aerobes

Organisms that require oxygen for cellular respiration and cannot survive without it.

Cyanobacteria

A phylum of bacteria that obtain their energy through photosynthesis and are known for their role in the Earth's early atmosphere's oxygenation.