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On June 20, 2015, Lucie Majeau Invested the Following Assets

Question 36

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On June 20, 2015, Lucie Majeau invested the following assets in a new sole On June 20, 2015, Lucie Majeau invested the following assets in a new sole proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000;building, $115,000. Majeau owes the bank a $25,000 note payable that issecured by the land and building. Prepare the general journal entry to recordMajeau's investments in the new business. proprietorship: cash, $12,000; office equipment, $6,000; land, $100,000;building, $115,000. Majeau owes the bank a $25,000 note payable that issecured by the land and building. Prepare the general journal entry to recordMajeau's investments in the new business.

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