The Entry to Close the Withdrawals Account Is

question 168

Multiple Choice

The entry to close the Withdrawals account is

• A)debit owner's Capital and credit Withdrawals.
• B)debit Withdrawals and credit owner's Capital.
• C)debit Income Summary and credit Withdrawals.
• D)debit Withdrawals and credit Income Summary.

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Definitions:

Hypertension

A chronic medical condition in which the blood pressure in the arteries is persistently elevated, often leading to serious health problems.

Blood Flow

The continuous circulation of blood through the heart and blood vessels, delivering oxygen and nutrients to the body while removing waste products.

Major Depression

A psychiatric disorder marked by significant and persistent feelings of sadness and despair, affecting daily functioning.

Antidepressant

Medications designed to alleviate symptoms of depression by adjusting chemical imbalances in the brain.