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In a sole proprietorship the owner withdraw cash from the business. For example: The owner withdraw $500 for personal use. What will be the correct

In a sole proprietorship the owner withdraw cash from the business.

For example: The owner withdraw $500 for personal use. What will be the correct answer:

a)

Owners Capital

$500

Cash

$500

b)

Owners Withdrawal

$500

Cash

$500

I want to know what is the correct journal entry because in some textbooks they use the a) journal entry and others use the b) journal entry.

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