Solved

Which of the Following Journal Entries Would Be Recorded If  Tane Brown, capital 6000 Cash 6000\begin{array} { | l | r | r | } \hline \text { Tane Brown, capital } & 6000 & \\\hline \text { Cash } & & 6000 \\\hline\end{array}

Question 42

Multiple Choice

Which of the following journal entries would be recorded if Jane Brown started a business and then deposited cash of $6 000 into the business bank account?


A)  Tane Brown, capital 6000 Cash 6000\begin{array} { | l | r | r | } \hline \text { Tane Brown, capital } & 6000 & \\\hline \text { Cash } & & 6000 \\\hline\end{array}
B)  Tane Brown, capital 6000 Accounts payable 6000\begin{array} { | l | r | r | } \hline \text { Tane Brown, capital } & 6000 & \\\hline \text { Accounts payable } & & 6000 \\\hline\end{array}
C)  Accounts payable 6000 Cash 6000\begin{array} { | l | r | r | } \hline \text { Accounts payable } & 6000 & \\\hline \text { Cash } & & 6000 \\\hline\end{array}
D)  Cash 6000 Jane Brown, capital 6000\begin{array} { | l | r | r | } \hline \text { Cash } & 6000 & \\\hline \text { Jane Brown, capital } & & 6000 \\\hline\end{array}

Correct Answer:

verifed

Verified

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

Related Questions