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John Contributes Cash in Exchange for Capital for His Business

Question 141

Multiple Choice

John contributes cash in exchange for capital for his business, Bubble Wraps Inc. The two accounts involved in this transaction are:


A) Bubble Wraps, Capital account and the Cash account.
B) the Cash account and John, Capital account.
C) John, Payables account and the Capital account.
D) Bubble Wraps, Capital account and John, Payables account.

Correct Answer:

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