Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the Owner of a business and use the business s cash to pay a Personal loan and Interest. Which of the following statements

You are the Owner of a business and use the businesss cash to pay a Personal loan and Interest. Which of the following statements is correct?
Question 4Select one:
a.
The Owners Withdrawals account should be credited
b.
The Cash account should be debited
c.
The transaction is considered a fraud
d.
The Owners Withdrawals account should be debited

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

solve part ( b )

Answered: 1 week ago