Don't use ai for this general account questions. To close the Withdrawals account.A. debit Withdrawals; credit CapitalB. debit Capital; credit WithdrawalsC. debit Withdrawals; credit Income SummaryD. debit Income Summary; credit Withdrawals

The correct answer is:B. Debit Capital; Credit Withdrawals Explanation:The Withdrawals account…

Answered: To close the Withdrawals account. A.…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter7: Credit Cards And Consumer Loans

Section7.2: Managing Credit Cards Wisely

Problem 1CC

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To close the Withdrawals account. A. debit Withdrawals; credit Capital B. debit Capital; credit Withdrawals C. debit Withdrawals; credit Income Summary D. debit Income Summary; credit Withdrawals