Beth withdrew $35 from her checking account. In which column should she record the $35 withdrawal?
| Check number | Date | Description of Transaction | (-) Debits | | (+) Deposits | Balance |
|---|---|---|---|---|---|---|
| | | Beginning Balance | | | | 379.56 |
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A. Check Number
B. Debit
C. Deposit
Answer (2)
Beth should record her 35 w i t h d r a w a l in t h e ′ ( − ) De bi t s ′ co l u mnb ec a u se w i t h d r a w a l s a reco n s i d ere dd e bi t s t ha t re d u ce h er a cco u n t ba l an ce . T h ere f ore , t h e an s w er i sDe bi t . oxed{\text{Debit}}$
;
A withdrawal is a debit, which reduces the account balance.
The table has a column specifically for '(-) Debits'.
Beth records the $35 withdrawal in the '(-) Debits' column.
Therefore, the answer is Debit. Debit
Explanation
Understanding Withdrawals When Beth withdraws money from her checking account, this is considered a debit. A debit reduces the amount of money in her account.
Identifying the Correct Column Looking at the table, we can see a column labeled '(-) Debits'. This is where withdrawals are recorded.
Conclusion Therefore, Beth should record the $35 withdrawal in the '(-) Debits' column.
Examples
Imagine you're running a lemonade stand. When you buy lemons and sugar, that's like a withdrawal from your 'lemonade stand' account. You'd record those expenses (debits) to keep track of how much you're spending. Similarly, when someone buys lemonade from you, that's like a deposit into your account, increasing your balance. Keeping track of debits and deposits helps you manage your money effectively, whether it's for a lemonade stand or a checking account.
