If Tyrol Willow, the sole stockholder of Willow Hardware, withdraws cash of the business to purchase a family car, the business should record this use of cash with an entry to:
A. Debit Cash and credit Cash.
B. Debit Dividends and credit Cash.
C. Debit Cash and credit Dividends.
D. Debit Cash and credit Salary Expense.
E. Debit Accounts Payable and credit Cash.
Answer: B
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