K. canopy, the proprietor of canopy services, withdrew $5,700 from the business during the current year. the entry to close the withdrawals account at the end of the year is:

To close the withdrawals account, the capital account is debited and Withdrawals account is credited.

It is given that K. canopy, the proprietor of canopy services, withdrew $5,700 from the business during the current year.

The journal entry to close the withdrawals account at the end of the year shall be as follows:

K. canopy’s Capital              Debit    $5,700

K. canopy’s Withdrawals   Credit                 $5,700

(Being Withdrawals account closed )

answer; it can vividly demonstrate product attributes and persuasively explain their corresponding consumer benefits;

c

explanation: