Aries and Eros start a partnership firm with capital contributions of $40,000 and $60,000

Aries and Eros start a partnership firm with capital contributions of $40,000 and $60,000, respectively. In the course of the year, Aries withdraws $5,000 from the business in order to meet his personal expenses. Which of the following is the correct journal entry to close the relevant Withdrawals account at the end of the year?a.Aries, Withdrawals $5,000Cash $5,000b.No Entry c.Aries, Capital $5,000Aries, Withdrawals $5,000d.Aries, Withdrawals $5,000Eros, Capital $5,000

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Biology (and other Life Sciences)
Thank you
Customer 452995, November 22nd, 2021
Education
Very well written thank you
Customer 452667, April 8th, 2021
Sociology
Thank you!
Customer 452919, April 5th, 2022
Sociology
Thank you
Customer 452919, February 16th, 2024
Psychology
Communication on the small delay was appreciated and final result was worth the wait. Thank you.
Customer 452665, March 18th, 2021
Psychology
Awesome work!
Customer 452521, June 27th, 2020
Sociology
Thank you, the journal wa submitted today and I hope to continue receiving services.
Customer 452919, October 28th, 2021
Education
I love you guys, yal are the best. Thank you so much !!!
Customer 453117, September 10th, 2022
Health Care
Thank you for getting this paper done in a timely manner
Customer 452641, February 20th, 2021
Humanities
Always excellent service, appreciate all the hard work
Customer 452995, January 20th, 2022
Marketing
Excellent and thank you!
Customer 452591, December 12th, 2020
Business Studies
This is fantastic! Thank you so much! Great customer service and help!
Customer 453131, November 15th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat