Ramon Ramos has withdrawn $ 7 5 0 from Ramos Repair Company's cash account to deposit in
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Question:
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Ramon Ramos has withdrawn $ from Ramos Repair Company's cash account to deposit in his personal account. How does this transaction affect Ramos Repair Company's accounting equation?
a decrease in assets Cash and decrease in owner's equity Owners Withdrawal
b decrease in assets Cash and decrease in liabilities Accounts Payable
c increase in assets Cash and decrease in owner's equity Owners Withdrawal
d increase in assets Accounts Receivable and decrease in assets Cash
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