Sandra invests $40,000 in her new business by depositing the cash in the business's bank account. Which of the following accounts will be credited?
A) Accounts Receivable
B) Cash
C) Sandra, Capital
D) Accounts Payable
Correct Answer:
Verified
Q63: Which of the following is the order
Q68: A business purchases equipment for $8,000 cash.
Q69: A business renders services to a client
Q70: A journal entry under the double-entry system
Q71: Which of the following is the fifth
Q92: Source documents provide the evidence and data
Q101: Posting a transaction means _.
A) calculating the
Q103: After initially recording a transaction,the data is
Q117: Debits in the journal are always posted
Q118: Journalizing a transaction involves _.
A) calculating the
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