Question
Alex invested $30,000 in cash in his business. How will this entry be posted in the ledger accounts? $30,000 will be posted to the debit
Alex invested $30,000 in cash in his business. How will this entry be posted in the ledger accounts?
$30,000 will be posted to the debit side of the Common Stock account.
$30,000 will be posted to the credit side of the Cash account.
$30,000 will be posted to the debit side of the Cash account.
No journal entry is required.
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
