Denzel Jones owns and operates Crystal Cleaning Company. Recently, Denzel withdrew $18,000 from Crystal Cleaning, and he contributed $14,000, in his name, to Habitat for Humanity. The contribution of the $14,000 should be recorded on the accounting records of which of the following entities?
A) Crystal Cleaning and Habitat for Humanity
B) Denzel Jones' personal records and Habitat for Humanity
C) Denzel Jones' personal records and Crystal Cleaning
D) Denzel Jones' personal records, Crystal Cleaning, and Habitat for Humanity
B
You might also like to view...
Periods of inflation are an excellent time to build market share through the use of price shading
Indicate whether the statement is true or false a. True b. False
A table alias can consist of a maximum of ____ characters
a. 12 b. 225 c. 255 d. 30
Identify five threats to the independence of a professional accountant.
What will be an ideal response?
In Microsoft Excel, the chart that displays the contributions of each value to the total by stacking the rectangles is called a ________
A) stacked bar chart B) stacked column chart C) stacked histogram D) stacked line chart