In using the simplex method, the number of basic variables is equal to the number of constraints

Rudy Rivers has withdrawn $750 from Rivers Computer Makeover Company's cash account to deposit in his personal account. How does this transaction affect Rivers Computer Makeover Company's accounting equation?

A. Increase Assets (accounts receivable) and decrease Assets (cash) B. Decrease Assets (cash) and decrease Owner's Equity (Owner's Withdrawal) C. Decrease Assets (cash) and decrease liabilities (account payable) D. Increase Assets (cash) and decrease Owner's Equity (Owner's Withdrawal)

Sales taxes collected by a retailer are recorded by

A. crediting sales taxes revenue B. debiting sales taxes expense C. crediting sales taxes Payable D. debiting sales Taxes payable