The owner of a business takes inventory for her own use. What are the ledger account entries to record this? Debit drawings, credit purchasesDebit drawings, credit inventoryDebit capital, credit salesDebit inventory, credit drawings

When the owner of a business takes inventory for personal use, this transaction typically involves reducing the inventory of the business and recognizing the owner’s withdrawal from the business. The correct journal entry to record this would be: **Debit Drawings, Credit Inventory** This means you are increasing the drawings (a reduction to the owner’s equity) and decreasing the inventory. Therefore, the correct answer is: **Debit drawings, credit inventory**.