Gae Kapral withdraws $7,000 cash from her law firm for personal use. This transaction is recorded with a debit of $7,000 to

Question

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Owner's Drawings represents withdrawals made by the owner for personal use. The transaction does not affect Owner's Capital as it is a separate account representing the equity in the business. Salaries and Wages Expense and Accounts Receivable are not relevant to this transaction.

Gae Kapral Withdraws $7,000 Cash from Her Law Firm for Personal