Ryan withdrew cash from the business to pay his personal cell phone bill. The expanded accounting equation changes include:

Name: Ryan withdrew cash from the business to pay his personal cell phone bill. The expanded accounting equation changes include:
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

When Ryan withdraws cash from the business to pay his personal cell phone bill, it results in a decrease in Cash (an asset) and an increase in Withdrawals (owner's equity decreases), reflecting the use of business resources for personal expenses.

Ryan Withdrew Cash from the Business to Pay His Personal