Business, 08.11.2019 21:31 dimontsho4717
Jack pickle decided to start a small business as a corporation. his initial investment was $4,000 cash in exchange for common stock. demonstrate how to record this transaction in the accounting equation.
a. decrease cash by $4,000; decrease common stock by $4,000.
b. increase cash by $4,000; increase revenues by $4,000.
c. increase cash by $4,000; decrease common stock by $4,000.
d. increase cash by $4,000; increase common stock by $4,000.
Answers: 1
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Jack pickle decided to start a small business as a corporation. his initial investment was $4,000 ca...
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