Michaelrayphole
Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Which entry records the investment of cash by John, owner of a sole proprietorship?
A. Debit John, Capital; credit Cash
B. Debit Cash; credit John, Withdrawals
C. Debit John, Withdrawals; credit Cash
D. Debit Cash; credit John, Capital

Sagot :

aribeccawil
The answer is: D - Debit Cash; credit John, Capital.

Explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.