Multiple Select Question

Select all that apply

Barry Rich, the owner of Rich's Farm, withdrew $$5,000$ from the sole proprietorship. The effect of this transaction on Rich's Farm includes a $$5,000$ Blank$\_\_\_\_\_\_.($Check all that apply.$)$

Multiple select question.

increase in liabilities

decrease in assets

increase in owner's equity

increase in assets

decrease in owner's equity

decrease in liabilities