For Each of the Following Events:
State Whether the Event

Essay

For each of the following events:
State whether the event increases (INC)or decreases (DEC)owner's capital.If the event does not affect owner's capital,state NE for no effect.
$$\begin{array} { | l | l | } \hline \text { Event } & \text { INC, DEC, NE Owner's Capital } \\\hline \text { Withdrawal of cash by owner of sole } & \\\text { proprietorship for personal use } & \\\hline \text { Creditor loaned money to the } & \\\text { business }\\\hline\text { Costs of selling goods or services } \\\hline \end{array}$$