12) Owner of Adventures Unlimited Company withdrew cash for personal use. How does this transaction affect the accounting equation? A) The assets decrease and equity increases. B) The assets increase and liabilities decrease. C) The assets, liabilities, and equity remain the same. D) The assets decrease and equity decreases.

12) Owner of Adventures Unlimited Company withdrew cash for personal use. How does this transaction affect the accounting equation? A) The assets decrease and equity increases. B) The assets increase and liabilities decrease. C) The assets, liabilities, and equity remain the same. D) The assets decrease and equity decreases