Liang Shue contributed $250,000 cash and land worth $500,000 to open his new business, Shue Consulting. Which

Question:

Liang Shue contributed $250,000 cash and land worth $500,000 to open his new business, Shue Consulting. Which of the fol¬ lowing journal entries does Shue Consulting make to record this transaction?

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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Question Posted: Jul 12, 2024 10:05 AM

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Liang Shue contributed $250,000 cash and land worth $500,000 to open his new business, Shue Consulting. Which

Question:

a. Cash Assets 750,000 L. Shue, Capital.... 750,000 b. L. Shue, Capital. 750,000 Assets. 750,000 c. Cash.... 250,000 Land... 500,000 L. Shue, Capital...... 750,000

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Fundamental Accounting Principles Volume 2

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