On June 20, 2015, Lucie Majeau invested the following assets in a new sole proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000;building, $115,000. Majeau owes the bank a $25,000 note payable that issecured by the land and building. Prepare the general journal entry to recordMajeau's investments in the new business.

Question

On June 20, 2015, Lucie Majeau invested the following assets in a new sole  proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000;building, $115,000. Majeau owes the bank a $25,000 note payable that issecured by the land and building. Prepare the general journal entry to recordMajeau's investments in the new business.

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The Answer of On June 20, 2015, Lucie Majeau invested the following assets in a new sole  proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000;building, $115,000. Majeau owes the bank a $25,000 note payable that issecured by the land and building. Prepare the general journal entry to recordMajeau's investments in the new business.

On June 20, 2015, Lucie Majeau Invested the Following Assets