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Could you please answer the red circles in the pictures? Why understate $100 is credited in Accounts Payable? Why is the owner drawing $1,500 credited
Could you please answer the red circles in the pictures?
Why understate $100 is credited in Accounts Payable?
Why is the owner drawing $1,500 credited to the owner's capital and debited the owner's drawing? The description said it was debited to the owner's capital, and credited to cash.
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