Questions: Which of the following transactions affect Owner's Equity? a. Payment on account b. Equipment purchase on account c. Customer payment on account d. A withdrawal

The answer is d. A withdrawal

This transaction involves paying off a liability, which decreases both cash (an asset) and accounts payable (a liability). It does not directly affect Owner's Equity.

This transaction increases both equipment (an asset) and accounts payable (a liability). It does not directly affect Owner's Equity.

This transaction increases cash (an asset) and decreases accounts receivable (another asset). It does not directly affect Owner's Equity.

A withdrawal (also known as a drawing) directly decreases Owner's Equity because it represents the owner taking money out of the business for personal use.