Dina Kader Withdrew a Total of $35,000 from Her Business

question 76

Multiple Choice

Dina Kader withdrew a total of $35,000 from her business during the current year. The entry needed to close the withdrawals account is:

• A) Debit Income Summary and credit Cash for $35,000.
• B) Debit Dina Kader, Withdrawals and credit Cash for $35,000.
• C) Debit Income Summary and credit Dina Kader, Withdrawals for $35,000.
• D) Debit Dina Kader, Capital and credit Dina Kader, Withdrawals for $35,000.
• E) Debit Dina Kader, Withdrawals and credit Dina Kader, Capital for $35,000.

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Definitions:

Criterion

A standard or rule by which something can be judged or measured.

Correlation

A statistical measure that expresses the extent to which two variables change together, but does not necessarily imply causation.

Variables

Elements, features, or factors that can change and have different values across individuals or situations in a research study.

Relationship

A connection, association, or involvement between two or more parties.