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Charles Wilson invests $40,000 in his business, Charles Wilson Proprietorship. He debits cash for $40,000 and credits: a) an asset account b) a liability account

Charles Wilson invests $40,000 in his business, Charles Wilson Proprietorship. He debits cash for $40,000 and credits:

a) an asset account

b) a liability account

c) an owner's equity account

d) none of the above

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