Ramon Ramos Has Withdrawn $750 from Ramos Repair Company's Cash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Ramon Ramos has withdrawn $750 from Ramos Repair Company's cash account to deposit in his personal account.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 Assets (Accounts Receivable) and decrease Assets (Cash)
B) Decrease Assets (Cash) and decrease Owner's Equity (Owner's Withdrawal)
C) Decrease Assets (Cash) and decrease Liabilities (Accounts Payable)
D) Increase Assets (Cash) and decrease Owner's Equity (Owner's Withdrawal)