G. Wilson invested her personal computer, which had a fair market value of $5,000, in her business. The transaction would involve a:
A) debit to Cash.
B) debit to Accounts Receivable.
C) debit to G. Wilson, Capital.
D) debit to Equipment.

Question

Quizplus · Accepted Answer

When G. Wilson invests her personal computer in her business, it would be recorded as an increase in Equipment. Therefore, the transaction would involve a debit to Equipment.

G Wilson Invested Her Personal Computer, Which Had a Fair