Business, 05.11.2020 02:40 20stirltrer

Which of the following statements is most correct? A. A $500 withdrawal by the owner is recorded by debiting owner's withdrawal $500 since it decreases owner's equity.
B. An Increase in owner's equity is recorded by crediting the capital account. Since owner's withdrawal is included in owner's equity, a $500 owner's withdrawal is recorded by crediting owner's
withdrawal $500.
C. A $500 withdrawal by the owner is recorded by crediting owner's withdrawal $500 since it decreases owner's equity.
D. Owner's withdrawal is shown as a wage expense.

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Which of the following statements is most correct? A. A $500 withdrawal by the owner is recorded by...

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