Ramon Ramos Has Withdrawn $750 from Ramos Repair Company's Cash

Multiple Choice

Ramon Ramos has withdrawn $750 from Ramos Repair Company's cash account to deposit in his personal account. How does this transaction affect Ramos Repair Company's accounting equation?

A) increase in assets (Accounts Receivable) and decrease in assets (Cash)
B) decrease in assets (Cash) and decrease in owner's equity (Owner's Withdrawal)
C) decrease in assets (Cash) and decrease in liabilities (Accounts Payable)
D) increase in assets (Cash) and decrease in owner's equity (Owner's Withdrawal)