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Molly Martin, the owner of Smart Consulting, withdrew $2,000 cash from the company for personal...

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Question

Accounting

Molly Martin, the owner of Smart Consulting, withdrew $2,000 cash from the company for personal use. Identify the general journal entry below that Smart Consulting will make to record the transaction.

Question 26 options:

A)

Account Title Debit Credit
M. Martin, Withdrawals 2,000
Cash 2,000

B)

Account Title Debit Credit
M. Martin, Capital 2,000
Cash 2,000

C)

Account Title Debit Credit
M. Martin, Withdrawals 2,000
M. Martin, Capital 2,000

D)

Account Title Debit Credit
Cash 2,000
M. Martin, Capital 2,000

E)

Account Title Debit Credit
Cash 2,000
M. Martin, Withdrawals 2,00

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