When the owner withdraws cash for personal use, the Owner's Drawing account is credited.
Correct Answer:
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Q52: The purchase of supplies on account requires
Q53: A credit represents a decrease to a
Q54: Services performed on account requires a credit
Q55: Services performed on account requires a debit
Q56: A payment on account increases total expenses.
Q58: Services performed on account requires a debit
Q59: A service performed on account increases both
Q59: The normal balance of any account is
Q60: Receipt of a payment on account requires
Q62: A credit to an asset account indicates
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