A sole trader took some goods costing $800 from inventory for his own use. The normal selling price of the goods is $1,600. Which of the following journal entries would correctly record this? Dr Cr $ $ A Inventory account 1,800 Purchases account 1,800 B Drawings account 1,800 Purchases account 1,800 C Sales account 1,600 Drawings account 1,600 D Drawings account 1,800 Sales account 1,800
B |