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Bob is starting a new business by putting $10,000 cash into the business. The credit for this transaction would be: A - $10,000 increase (credit)
Bob is starting a new business by putting $10,000 cash into the business. The credit for this transaction would be:
A - $10,000 increase (credit) to Bob's Capital Account
B - $5,000 credit to cash and a $5,000 credit to Bob's Capital Account
C - $10,000 credit to cash
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