An owner invests $20 000 in her new business by depositing the cash in the business bank account.Which account is debited?
A) Accounts payable
B) Cash
C) Accounts receivable
D) Capital
Correct Answer:
Verified
Q28: When recording a transaction in a journal,the
Q30: For liabilities and revenues,a debit increases the
Q48: A business purchases equipment by paying $9023
Q50: Beetles Ltd recorded the following journal
Q51: A business makes a cash payment of
Q52: A business pays $500 cash for supplies.Which
Q55: The normal sequence of information flow in
Q56: Which of the following is NOT an
Q58: A business purchases equipment for cash in
Q77: An account that normally has a debit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents