Which of the following statements is most correct? A. A $500 withdrawal by the owner is recorded by debiting owner's withdrawal $500 since it decreases owner's equity.
B. An Increase in owner's equity is recorded by crediting the capital account. Since owner's withdrawal is included in owner's equity, a $500 owner's withdrawal is recorded by crediting owner's
withdrawal $500.
C. A $500 withdrawal by the owner is recorded by crediting owner's withdrawal $500 since it decreases owner's equity.
D. Owner's withdrawal is shown as a wage expense.

In 2018, laureen is currently single. she paid $2,800 of qualified tuition and related expenses for each of her twin daughters sheri and meri to attend state university as freshmen ($2,800 each for a total of $5,600). sheri and meri qualify as laureen’s dependents. laureen also paid $1,900 for her son ryan’s (also laureen’s dependent) tuition and related expenses to attend his junior year at state university. finally, laureen paid $1,200 for herself to attend seminars at a community college to her improve her job skills.what is the maximum amount of education credits laureen can claim for these expenditures in each of the following alternative scenarios? a. laureen's agi is $45,000.b. laureen’s agi is $95,000.c. laureen’s agi is $45,000 and laureen paid $12,000 (not $1,900) for ryan to attend graduate school (i.e, his fifth year, not his junior year).