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If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to...

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Accounting

If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to:

a) Debit Liability and credit Cash.

b) Debit Cash and credit Drawings.

c) Debit Salary Expense and credit Cash.

d) Debit drawings and credit Cash.

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