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Laura Chu Withdraws $1,000 Cash from Her Company, One Note

Question 216

Multiple Choice

Laura Chu withdraws $1,000 cash from her company, One Note Music, for personal use. Recording this transaction will include a credit to Cash and a debit of $1,000 to


A) Drawings Expense.
B) Owner's Capital.
C) Owner's Drawings.
D) Salaries and Wages Expense.

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