A & B formed a partnership on January 1 Partners A and B withdraw cash of $800 and $1,500, respectively. Drawings in excess of $1,000 are viewed as excessive withdrawals and are charged against capital. What is the logical entry?
a. Debit to Drawing Partner A for $800, Debit to Drawing partner B $1,500
b. Debit to Capital Partner A for $800, Debit to Drawing Partner B for $1,500
c. Debit to Capital Partner A for $800, Debit to Capital Partners B for $1,500
d. Debit to Drawing Partner A for $800, Debit to Capital Partner B for $1,500
a
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The spontaneous trait transfer concept suggests that when someone calls another person dishonest, other people tend to remember the speaker as also being less than honest
Indicate whether the statement is true or false