[单选题]15 What journal entry is required to record goods taken from inventory by the owner of a business?

正确答案 ：A

Debit Drawings

[单选题]12 At 1 July 2004 a company had prepaid insurance of $8,200. On 1 January 2005 the company paid $38,000 for

insurance for the year to 30 September 2005. What figures should appear for insurance in the company’s financial statements for the year ended 30 June 2005? Income statement Balance sheet

正确答案 ：C

$36,700 Prepayment $9,500

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