17) Revenues follow the same debit and credit rules as pes) the drawing account assets O liabilties expenses 18) Unearned rent is considered a (an): [2pts) liabiltly, credit balance asset, debit balance revenue, credit balance expense, debit balance (2pts) 19) Generally accepted accounting principles (GAAP) require the use of accounting D Cash O deferral account O accrual 20) Ramon Ramos takes 56,000 from Ramos Repair Company's cash account for his personal use. (2pcs) How does this transaction affect Ramos Repair Company's accounting equation? decrease in assets (cash) and decrease in fiabilities (accounts payable) increase in assets (accounts receivable and decrease in assets (cash) decrease in assets (cash and decrease in owners equity owner's drawing @increase in assets (accounts receivable and decrease in assets (cash) 17) Revenues follow the same debit and credit rules as pes) the drawing account assets liabilties O expenses *8) Unearned rent is considered a (an) (2pcs) liabiltly, credit balance asset, debit balance revenue, credit balance expense, debit balance (2pcs) Generally accepted accounting principles (GAAP) require the use of accounting Bcash deferral account O accrual Ramon Ramos takes $6,000 from Ramos Repair Company's cash account for his personal use. 200 How does this transaction affect Ramos Repair Company's accounting equation? decrease in assets (cash and decrease in Ilabilities (accounts payable) Increase in ascets (accounts receivable) and decrease in assets (cash U decrease in assets casni and decrease in owners.equity leysers drawing) theresse in assets accounts receivable and decrease in assess (cash