The journal entry to record payment of cash to the owner as a withdrawal of equity is

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debit Cash, credit Accounts Payable.

debit Cash, credit Drawing.

debit Drawing, credit Cash.

debit Expense, credit Drawing.

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College Accounting A Contemporary Approach

ISBN: 978-0077639730

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Authors: David Haddock, John Price, Michael Farina

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Posted Date: Nov 23, 2023 07:12 AM

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The journal entry to record payment of cash to the owner as a withdrawal of equity is

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