Clifford Moore Is Starting His Computer Programming Business and Has

Multiple Choice

Clifford Moore is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected.

A) Increase Assets (Cash) and increase Liabilities (Accounts Payable)
B) Increase Assets (Cash) and increase Owner's Equity (Clifford Moore, Capital)
C) Increase Assets (Accounts Receivable) and decrease Liabilities (Accounts Payable)
D) Increase Assets (Cash) and increase Assets (Accounts Receivable)