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1) Identify the account used by businesses to record the transfer of assets from a business to its owner for personal use: 6.5 Points O
1) Identify the account used by businesses to record the transfer of assets from a business to its owner for personal use: 6.5 Points O Arevenue account. O Aliability account. The owner's capital account. The owner's withdrawals account. 2) A company's formal promise to pay (in the form of a promissory note) a future amount is aln): 6.5 Points O Prepaid expense. O Unearned revenue. O Note payable. O Credit account
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