Question
An owner of a landscaping business contributes three lawn mowers worth $3,000 to her business. What is the correct recording of this transaction? Cash $3,000
An owner of a landscaping business contributes three lawn mowers worth $3,000 to her business. What is the correct recording of this transaction?
Cash $3,000 debit, capital $3,000 credit
Capital $3,000 debit, equipment $3,000 credit
Equipment $3,000 debit, accounts payable $3,000 credit
Equipment $3,000 debit, capital $3,000 credit
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
