Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal in good form? a. Joshua Scott, Loan40,000 Cash40,000 Invested cash in business. b. Cash40,000 Joshua Scott, Capital40,000 Invested cash in business. c. Joshua Scott, Capital40,000 Cash40,000 Invested cash in business. d. Cash40,000 Joshua Scott, Loan40,000 Invested cash in business.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal in good form? a. Joshua Scott, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Make generalizations why does adoption of new technology tend to increase supply?
Answers (1)
The shareholders of Vycom, Inc. need to elect five new directors to the board. There are 750,000 shares of common stock outstanding.
Answers (2)
Bodine Electric, based in Des Moines, Iowa, USA, makes gear motors with a three-stage, selectivelyhardened gearing cluster that is permanently lubricated.
Answers (1)
The main difference between an accommodation maker and an accommodation indorser is:
Answers (1)
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale).
Answers (1)
New Questions in Business
Maxwell acquires 100 percent of the outstanding voting shares of Daisy Company on January 1, 2018. To obtain these shares, Maxwell pays $200,000 cash and issues 6,000 shares of $5 par value common stock on this date.
Answers (1)
Market demand is found by: adding the individual quantities demanded at each price. adding the individual prices at each quantity demanded. multiplying the individual quantities demanded at each price.
Answers (1)
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,450,000, $150,000 in the common stock account, and $2,750,000 in the additional paid-in surplus account.
Answers (1)
Tony borrows $3300 at an annual interest rate of 6.0%. He receives the loan on the first day of the current month and will make monthly payments on the first day of each of the following months until the loan is repaid after 24 months (2-year loan).
Answers (1)
A mutual agreement between two or more parties to engage in a transaction which provides benefits to each party is known as what?
Answers (1)