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The proprietor of Martin Supply Service took a$5 000 cash withdrawal. What is the effect of the withdrawal on the accounts of thebusiness? A. Accounts

The proprietor of Martin Supply Service took a$5 000 cash withdrawal. What is the effect of the withdrawal on the accounts of thebusiness?

A.

Accounts payableincreases; Owners' capital account decreases.

B.

Cash accountdecreases; Owners' capital account decreases.

C.

Cash accountincreases; Owners' capital account decreases.

D.

Cash accountincreases; Accounts receivable decreases.

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