Answered

Looking for reliable answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Join our Q&A platform and connect with professionals ready to provide precise answers to your questions in various areas. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

> Answer
increase owner's equity.
9. (LO 4) Which of the following events is not recorded in the accounting records?
a. Equipment is purchased on account.
b. An employee is terminated.
c. A cash investment is made into the business.
d. The owner withdraws cash for personal use.
Answer
o. (LO 4) During 2022, Bruske Company's assets decreased [tex]$50,000 and its liabilities decreased $[/tex]50,000. Its owner's equity therefore
a. increased [tex]$50,000.
b. decreased $[/tex]50,000.
c. decreased $100,000.
d. did not change.
Answer
■.(LO 4) Payment of an account payable affects the components of the accounting equation in the following way.
a. Decreases owner's equity and decreases liabilities.
1-32
pe here to search
A zm

Sagot :

GinnyAnswer

Final answer:

The owner's equity decreases when the owner withdraws cash for personal use.


Explanation:

Owner's equity is affected by various transactions in accounting. When the owner withdraws cash for personal use, it reduces the owner's equity since the owner is taking money out of the business. This event is not recorded in the accounting records as it is a personal withdrawal and does not impact the business's financial position.


Learn more about Owner's equity here:

https://brainly.com/question/50791310


Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.