Hi nbish11,

Both ways that you've suggested can work to record your owners' drawings, as QuickBooks considers Expense transactions and Transfers to both be "money out" transactions. 

The first option you mentioned would record the wage as an expense from your business, to yourself, which may make more sense in your situation than the second option, which is more used for moving money between bank accounts.

If you have an accountant or bookkeeper, I would recommend consulting with them on how they prefer this to be recorded.

Bonny