G. Venda, owner of Venda Services, withdrew 25,000 from the

G. Venda, owner of Venda Services, withdrew 25,000 from the business during the current year. The entry to close the withdrawals account at the end of the year is:

a) G. Venda Withdrawals ………………. 25,000

G. Venda Capital …………………………… 25,000

b) Income Summary …………………….. 25,000

G. Venda Capital …………………………… 25,000

c) G. Venda Withdrawals ……………….. 25,000

Cash ……………………………………………… 25,000

d) G. Venda Capital ……………………….. 25,000

Salary Expense ……………………………… 25,000

e) G. Venda Capital ……………………….. 25,000

G. Venda Withdrawals ………………….. 25,000

 

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