**Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal?**- **a.** ``` Joshua Scott, Capital 40,000 Cash 40,000 Invested cash in business. ```- **b.** ``` Cash 40,000 Joshua Scott, Loan 40,000 Invested cash in business. ```- **c.** *(Selected Option)* ``` Cash 40,000 Joshua Scott, Capital 40,000 Invested cash in business. ```- **d.** ``` Joshua Scott, Loan 40,000 Cash 40,000 Invested cash in business. ```

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Description: **Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal?**- **a.** ``` Joshua Scott, Capital 40,000 Cash 40,000 Invested cash in business. ```- **b.**

Journal entries are the basic method for recognizing the financial transaction and these journal…

Business

Accounting

Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal? Oa. Joshua Scott, Capital 40,000 Cash 40,000 Invested cash in business. Ob. Cash Joshua Scott, Loan 40,000 Invested cash in business. Joshua Scott, Capital 40,000 40,000 Oc. Cash Od. Joshua Scott, Loan Cash Invested cash in business. Invested cash in business. 40,000 40,000 40,000

Joshua Scott invests $40,000 into his new business. How would this transaction be entered in the journal? Oa. Joshua Scott, Capital 40,000 Cash 40,000 Invested cash in business. Ob. Cash Joshua Scott, Loan 40,000 Invested cash in business. Joshua Scott, Capital 40,000 40,000 Oc. Cash Od. Joshua Scott, Loan Cash Invested cash in business. Invested cash in business. 40,000 40,000 40,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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