QUESTION 1 Owner's withdrawals increase expenses decrease expenses increase cash decrease owner's equity ooo QUESTION 2 The debt created by a business when it makes a pur O account payable account receivable asset expense payable QUESTION 3 The financial statement that presents a summary of th such as a month or year, is called a(n) prior period statement O statement of owner's equity income statement balance sheet Click Save and Submit to save and submit. Click Save A kis 01-2B_25e(1).xls 01-3A_25e(1) (1).xls QUESTION 1 Owner's withdrawals increase expenses decrease expenses increase cash decrease owner's equity ooo QUESTION 2 The debt created by a business when it makes a pur O account payable account receivable asset expense payable QUESTION 3 The financial statement that presents a summary of th such as a month or year, is called a(n) prior period statement O statement of owner's equity income statement balance sheet Click Save and Submit to save and submit. Click Save A kis 01-2B_25e(1).xls 01-3A_25e(1) (1).xls