The journal entry that needs to close the withdrawals account is
Jen Rogers, Capital $35,000
To Jen Rogers, Withdrawals $35,000
(Being withdrawals entry is recorded)
Jen Rogers, Capital $35,000
To Jen Rogers, Withdrawals $35,000
(Being withdrawals entry is recorded)
Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains a normal credit balance while drawings contain a normal debit balance.
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