Thomas Jeffries began his sole proprietorship on 12/28/13 by contributing $16,000 of his own money to the business. Indicate the effects of this transaction on the financial statements.

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The Answer of Thomas Jeffries began his sole proprietorship on 12/28/13 by contributing $16,000 of his own money to the business. Indicate the effects of this transaction on the financial statements.

Thomas Jeffries Began His Sole Proprietorship on 12/28/13 by Contributing