The Drawings Account Has a Normal Balance of $30 000

question 18

Multiple Choice

The drawings account has a normal balance of $30 000. The correct entry to close this account is:

• A) DR Profit or loss summary account $30 000; CR Drawings $30 000
• B) DR Owner's capital account $30 000; CR Drawings $30 000
• C) DR Drawings $30 000; CR Bank $30 000
• D) DR Bank $30 000; CR Drawings $30 000

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Definitions:

Environmental Justice

The fair treatment and meaningful involvement of all people regardless of race, color, national origin, or income with respect to the development, implementation, and enforcement of environmental laws, regulations, and policies.

Modern Environmental Movement

A diverse scientific, social, and political movement for addressing environmental issues and promoting sustainability.

Exxon Valdez

An oil tanker whose 1989 spill off the coast of Alaska is considered one of the worst environmental disasters, resulting in massive oil pollution.

Nitrogen

Nitrogen is a chemical element with the symbol N and atomic number 7, making up about 78% of the Earth’s atmosphere and essential for all living organisms.