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https:/newconnect mheducation ew Favortes Tools Hep th Benefits Exchan...SuppestedStos web Sice Galery Test 2-Spring. 2018 Help Save & Ext Submit 29 Jen Rogers withdrew a total of $30,000 from her business during the current year. The entry needed to close the withdrawals account is Multple Choice Debt Jen Rogers, Capital and credit Jen Rogers. Wishdrawals for $30,000 Debit Jen Rogers, Withdrawals and credit Cash for $30,000 Debt Jen Rogers, withdrawals and credt Jen Rogers, Capital for $30,000. Debit Income Summary and credt Cash for $30.000 Debit Income Summary and credit Jen Rogers, Withdrawals for $30,000.

Explanation / Answer

Jen rogers withdrew a total of $ 30000 from her business during the current year . Entry for withdrawing from business is debit capital account and credit withdrawal account.

so, option ( a) debit Jen rogers capital and credit Jen Rogers withdrawal for $30000.

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