9 (1 point) Willa opened a new business by investing the following assets: cash, $16,000; land, $23,000; building, $100,000. Also, the business will assume responsibility for a note payable of $22,000. Willa signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Eli? a Assets 139,000 Eli, Capital 139,000 Ob Cash 16,000 Land 23,000 Building 100,000 Eli, Capital 139,000 d Cash 3,000 Assets 136,000 Eli, Capital 139,000 Cash 16,000 Land 23,000 Building 100,000 Note Payable 22,000 Eli, Capital 117,000 Next Page Back Question 9 (1 point) Willa opened a new business by investing the following assets: cash, $16,000; land, $23,000; building, $100,000. Also, the business will assume responsibility for a note payable of $22,000. Willa signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Eli? a Assets 139,000 Eli, Capital 139,000 Ob Cash 16,000 Land 23,000 Building 100,000 Eli, Capital 139,000 d Cash 3,000 Assets 136,000 Eli, Capital 139,000 Cash 16,000 Land 23,000 Building 100,000 Note Payable 22,000 Eli, Capital 117,000 Next Page Back Question 9 (1 point) Willa opened a new business by investing the following assets: cash, $16,000; land, $23,000; building, $100,000. Also, the business will assume responsibility for a note payable of $22,000. Willa signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Eli? a Assets 139,000 Eli, Capital 139,000 Ob Cash 16,000 Land 23,000 Building 100,000 Eli, Capital 139,000 d Cash 3,000 Assets 136,000 Eli, Capital 139,000 Cash 16,000 Land 23,000 Building 100,000 Note Payable 22,000 Eli, Capital 117,000 Next Page Back Question 9 (1 point) Willa opened a new business by investing the following assets: cash, $16,000; land, $23,000; building, $100,000. Also, the business will assume responsibility for a note payable of $22,000. Willa signed the note as part of his payment for the land and building. Which journal entry should be used on the books of the new business to record the investment by Eli? a Assets 139,000 Eli, Capital 139,000 Ob Cash 16,000 Land 23,000 Building 100,000 Eli, Capital 139,000 d Cash 3,000 Assets 136,000 Eli, Capital 139,000 Cash 16,000 Land 23,000 Building 100,000 Note Payable 22,000 Eli, Capital 117,000 Next Page Back