Question

You have a withdrawal slip showing cash was withdrawn from the business account. What would the T account look like after analyzing this transaction?

Cash is credited to increase, and Owner's Capital is debited to increase.
Cash is credited to decrease, and Owner's Drawing is debited to increase.
Cash is debited to increase, and Owner's Capital is credited to increase.
Cash is debited to increase, and Owner's Drawing is credited to increase.

Answer 1

It is either B.) or D.)

Answer 2

oof

Answer 3

cash is withdrawn

Answer 4

Withdraw is decrease from something. Can you make a educated guess using the information provided?

Answer 5

Cash is credited to decrease, and Owner's Drawing is debited to increase.
Which is B.)

Answer 6

I am certain your answer is right. I hope it helps.

Answer 7

Thanks!

Answer 8

No problem, glad you asked, I'm here to help whenever I'm online! (:

Answer 9

<3