Ask Question
BusinessBusiness
3 January, 15:53

Ryan withdrew cash from the business to pay his personal cellphone bill. The expanded accounting equation changes include a/an

A. Increase in both cash and withdrawal

B. Decrease in both cash and withdrawal

C. Decrease in cash and increase in withdrawal

D. Increase in cash and a decrease in withdrawal

+1
Answers (2)
  1. 3 January, 16:35
    0
    If Ryan withdrew cash from the business to pay his personal cellphone bill, then the expanded accounting equation changes include a decrease in both cash and withdrawal.
  2. 3 January, 16:39
    0
    The correct answer is C. Decrease in cash and an Increase in withdrawal.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ryan withdrew cash from the business to pay his personal cellphone bill. The expanded accounting equation changes include a/an A. Increase ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The AD&D provision in a life insurance policy would pay additional benefits if the insured
Answers (1)
Seller, a Chicago business, sent a shipment of tractor parts to Buyer, a Detroit business, under a contract that read: "F. O. B. Chicago, Illinois." The parts were not those specified in the contract and Buyer rejected them.
Answers (1)
At Debrelas, a cosmetics manufacturing company, the salespeople are eligible for quarterly bonuses only if they meet their sales target for each month in that particular quarter.
Answers (1)
How does income inequality contribute to the problem described by the author
Answers (1)
Charles Schwab in 1971 was determined to build a stock brokerage firm that would be different. He cited that he was disturbed by the conflict of interest between the stockbrokers and their clients.
Answers (1)
New Questions in Business
Which position most likely requires a master's degree for success? Computer Programmer Website Designer IT Project Manager Computer Scientist
Answers (1)
Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lilly ledbetter fair pay act, what period of time does gloria have to file an employment discrimination claim
Answers (1)
The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 470,000 Interest on notes receivable 10,500 Collection of notes receivable 52,000 Sale of investments 32,000 Issuance of
Answers (1)
Which of the following statements describes an element of process costing systems? A. Total conversion costs include direct labor and manufacturing overhead costs included in beginning inventory and added to production during the period. B.
Answers (1)
The liquidity premium on a us treasury debt security is normally considered to be
Answers (1)
Home » Business » Ryan withdrew cash from the business to pay his personal cellphone bill. The expanded accounting equation changes include a/an A. Increase in both cash and withdrawal B. Decrease in both cash and withdrawal C.
Sign Up Forgot Password?