During the Month of January, Katelyn Invested $10,000 in Starting

Multiple Choice

During the month of January, Katelyn invested $10,000 in starting her legal practice. The proper journal entry would be

A) Cash, debit $10,000; Katelyn's Capital, credit $10,000.
B) Katelyn's Capital, debit $10,000; Cash, credit $10,000.
C) Cash, debit $10,000; Revenue, credit $10,000.
D) Katelyn's Withdrawals, debit $10,000; Cash, credit $10,000.