Ryan withdrew cash from the business to pay his personal cellphone bill. The expanded accounting equation changes include a/an
A. decrease in cash and an increase in withdrawal.
B. decrease in both cash and withdrawal.
C. increase in both cash and withdrawal.
D. increase in cash and a decrease in withdrawal.
Answers
Answered by
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decrease in both cash and withdrawal
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0
Answer:
A
Explanation:
If you had $100 in your bank account and you withdrew $50 you would decrease the cash in the account by $50 and increase your withdraw because you took money. Also as withdraws increase, owners equity decreases.
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