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March 27, 2017

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Joe Brown invests $10,000 into his new business. How would the journal entry for this transaction be entered in the journal?
Cash 10,000
Brown, Capital 10,000
Invested cash in business

Cash 10,000
Brown, Capital 10,000
Invested cash in business

Brown, Capital 10,000
Cash 10,000
Invested cash in business

Brown, Capital 10,000
Cash 10,000
Invested cash in business

  • accounting - ,

    Cash 10,000 debit
    Brown, Equity 10,000 credit

  • accounting - ,

    invested cash business

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