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    Horngrens Accounting Study Set 2
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    Exam 2: Recording Business Transactions
  5. Question
    The Payment of the Owner's Personal Expenses from the Business's
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The Payment of the Owner's Personal Expenses from the Business's

Question 108

Question 108

Multiple Choice

The payment of the owner's personal expenses from the business's chequebook should be recorded with a debit to:


A) withdrawals.
B) accounts payable.
C) cash.
D) capital.

Correct Answer:

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