On December 1, 20XX, Riley Sanders invested $250,000 to open Sanders Enterprises. What is the General Journal entry to record this transaction?
A) Debit R. Sanders Capital, $250,000; Credit Cash, $250,000
B) Debit Cash, $250,000; Credit Revenue, $250,000
C) Debit Revenue, $250,000; Credit Cash, $250,000
D) Debit Cash, $250,000; Credit R. Sanders Capital, $250,000
Correct Answer:
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