Recent Posts • Latest Topics • Unanswered Questions

An owner withdrawal of $20,000 cash would:

gOOvER

wrote...

Go to Answer

Posts: 1305

Rep:

6 years ago

An owner withdrawal of $20,000 cash would:

An owner withdrawal of $20,000 cash would:
A) decrease owner's equity and increase assets by $20,000.
B) increase owner's equity and decrease liabilities by $20,000.
C) increase liabilities and assets by $20,000.
D) decrease assets and owner's equity by $20,000.

Textbook

Accounting, Volume 1, Canadian Edition

Edition: 9^th

Authors: Horngren, Harrison, Johnston, Meissner, Norwood

Read 69 times

1 Reply

Report

Replies

Answer verified by a subject expert

migrod

wrote...

#1

Posts: 415

Rep:

6 years ago

Sign in or Sign up in seconds to unlock everything for free

More solutions for this book are available here

Report

Related Topics

Solved Cash withdrawals by the owner increase both equity and assets.
Solved Purchasing office equipment on account would:
Solved The payment of an account payable would:
Solved Purchasing supplies for cash would:
Solved A cash payment of an account payable would:
Solved A withdrawal of cash for personal use by an owner would:
Solved Collecting cash on account causes:
Solved The owner withdrawing cash for personal use would:

gOOvER Author

wrote...

6 years ago

Correct

TY

mkyoungs

wrote...

Yesterday

Just got PERFECT on my quiz

TheMoffattMan

wrote...

2 hours ago

Brilliant ツ

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

823 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

273

194

89

Your Opinion

Previous poll results: What's your favorite coffee beverage?

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Courses by Biology Forums

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.