Multiple Choice
The journal entry to record an investment by the owner would most commonly include:
A) a debit to Cash and a credit to Fees Earned.
B) a debit to Capital and a credit to Cash.
C) a debit to Fees Earned and a credit to Capital.
D) a debit to Cash and a credit to Capital.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q88: A journal is called the book of
Q89: Which of the following statements is false
Q90: All nine transactions for Ross Realty for
Q91: The general journal does NOT have a
Q92: Which of the following errors would cause
Q94: The order of the flow of accounting
Q95: To find an explanation for a transaction,
Q96: In preparing the trial balance of the
Q97: If Accounts Payable has been credited, it
Q98: When recording a transaction in a journal,