The journal entry to record the withdrawal of cash by the owner, to pay a personal utility bill would include: a debit to Owner's Drawing and a credit to Cash. a debit to Owner's Capital, and a credit to Cash. a debit to Owner's Capital and a credit to Utilities Expense. a debit to Utilities Expense and a credit to Cash.

The journal entry to record the withdrawal of cash by the owner, to pay a personal utility bill would include: a debit to Owner's Drawing and a credit to Cash. a debit to Owner's Capital, and a credit to Cash. a debit to Owner's Capital and a credit to Utilities Expense. a debit to Utilities Expense and a credit to Cash.

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Description: The journal entry to record the withdrawal of cash by the owner, to pay a personalutility bill would include:a debit to Owner's Drawing and a credit to Cash.a debit to Owner's Capital, and a credit to Cash.a debit to Owner's Capital and a credit to

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section3.3: Transactions Affecting Owner’s Equity And Asset Accounts

Problem 5AYU

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