Michaelrayphole Michaelrayphole

06-09-2021
Business

contestada

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

Respuesta :

aribeccawil aribeccawil

06-09-2021

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.

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