Emilia Feridy, the proprietor of EF Services, withdrew a total of $50 for to pay for her daughter's swimming lessons. What is the entry needed to record this transaction? A) Debit Emilia Feridy, Withdrawals and credit Emilia Feridy, Capital for $50. B) Debit Emilia Feridy, Withdrawals and credit Cash for $50. C) Debit Cash and credit Emilia Feridy, Withdrawals for $50. D) Debit Emilia Feridy, Capital and credit Cash for $50. E) Debit Emilia Feridy, Capital and credit Emilia Feridy, Withdrawals for $50.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Emilia Feridy, the proprietor of EF Services, withdrew a total of $50 for to pay for her daughter's swimming lessons. What is the entry ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
When treasury stock is reissued for more than cost, A. debit Cash and credit Treasury Stock. B. debit Cash and credit Treasury Stock and Paid-In Capital from Treasury Stock. C. debit Cash and credit Common Stock and Paid-In Capital from Common Stock.
Answers (1)
Whether or not the product will be sold online is part of which function? O price O product O promotion O place
Answers (1)
Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.
Answers (1)
How much 2x02? ...
Answers (1)
You own a bond that has an 8 percent coupon and matures 8 years from now. You purchased this bond at par value when it was originally issued. If the current market rate for this type and quality of bond is 8.25 percent, then you would expect
Answers (1)
New Questions in Business
What determines if a buyer is satisfied or dissatisfied with a purchase? A. The number of alternatives considered in the purchase decision B. How others feel about the purchase C.
Answers (1)
Mayer Life Systems, a manufacturer of surgical and medical appliances, invented and patented a new dialysis machine that radically reduced maintenance and operational issues.
Answers (2)
In order to open a car wash, Aamina decides to obtain funds through debt financing. which if the following ways can she pursue this? A. by adding partners b. though stocks c. by waiting to open the business until she has saved enough cash d.
Answers (2)
ShadyPalms Hotel has 100 rooms. During the month of February, it had 500 guests, each staying 5 nights. The occupancy rate for ShadyPalms Hotel for the month of February (not a leap year) was closest to a. 80% b. 90% c. 120% d. 70%
Answers (1)
Who was the richest person on earth
Answers (1)