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Aries and Eros Start a Partnership with Capital Contributions of $36,000

Question 30

Multiple Choice

Aries and Eros start a partnership with capital contributions of $36,000 and $55,000,respectively.Over the course of the year,Aries withdraws $5,100 from the business in order to meet his personal expenses.Which of the following is the correct journal entry to record the above withdrawal?


A)
Aries and Eros start a partnership with capital contributions of $36,000 and $55,000,respectively.Over the course of the year,Aries withdraws $5,100 from the business in order to meet his personal expenses.Which of the following is the correct journal entry to record the above withdrawal? A) B) C) No entry D)
B)
Aries and Eros start a partnership with capital contributions of $36,000 and $55,000,respectively.Over the course of the year,Aries withdraws $5,100 from the business in order to meet his personal expenses.Which of the following is the correct journal entry to record the above withdrawal? A) B) C) No entry D)
C) No entry
D)
Aries and Eros start a partnership with capital contributions of $36,000 and $55,000,respectively.Over the course of the year,Aries withdraws $5,100 from the business in order to meet his personal expenses.Which of the following is the correct journal entry to record the above withdrawal? A) B) C) No entry D)

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