menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 2
  4. Exam
    Exam 2: Recording Business Transactions
  5. Question
    A Business Is Started by Receiving $5,000 Cash from the Owner
Solved

A Business Is Started by Receiving $5,000 Cash from the Owner

Question 69

Question 69

Essay

A business is started by receiving $5,000 cash from the owner. Please provide the journal entry (debits first, credits second.)
A business is started by receiving $5,000 cash from the owner. Please provide the journal entry (debits first, credits second.)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Which of the following accounts decreases with

Q27: Which of the following are accrued liabilities?<br>A)

Q28: A business borrows cash by signing a

Q58: Which of the following accounts is an

Q67: A business purchased $200 of supplies on

Q70: Which of the following is NOT an

Q146: The following transactions have been journalized and

Q157: Which of the following is the last

Q159: Which of the following accounts is a

Q219: An asset account is increased by a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines