Debit Repairs Expense and Credit Accounting Question

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Business Finance

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The business sells a service in a cash transaction. What is the entry? * Debit cash, credit service Debit capital, credit cash Debit cash, credit revenue Debit A/R, credit capital The business owner invests money into the business. What is the entry? * Debit cash, credit drawings Debit capital, credit cash Debit cash, credit revenue O Debit cash, credit capital 1 point The business owner is not allowed to do this, due to the business entity concept O Debit cash, credit capital Debit liability, credit cash Debit drawings, credit capital O Debit drawings, credit cash 1 point The business owner withdraws money from the company for personal use, 1 point what would be the resulting entry? *
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