Current Attempt in Progress The owner of JKJ Company withdrew $1,000 cash for personal expenses. What was the impact on the financial statements? O Assets decreased and expenses increased. O Assets decreased and liabilities increased. O No impact on the financial statements. O Assets decreased and owner's equity decreased.

The owner of JKJ Company withdrew $1,000 cash for personal expenses. What was the impact on the financial statements? Assets decreased and expenses increased. Assets decreased and liabilities increased. No impact on the firancial statements. Assets decreased and owner's equity decreased