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Cy Walker invests $8,000 and you invest $2,000 in Mookie The Beagle Coach as owners of the LLC S Corporation for an 80 is
Cy Walker invests $8,000 and you invest $2,000 in Mookie The Beagle Coach as owners of the LLC S Corporation for an 80 is to 20 split in ownership. Both amounts are paid by e- check and the funds deposited into the company Checking account using one bank deposit. For the Received From field, add Cy Walker and Your First Initial Last Name as Employees. (Note: We use Employees because there is no Type for Other or Owners.) Save the Deposit. Reopen the Deposit from the lower Menu Bar, select More > Transaction Journal. a. What are the Accounts and Amounts Debited? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. b. What are the Accounts and Amounts Credited? Note: Answer this question in the table shown below. Round your answers to 2 decimal places. Debit Credit Credit Account Amount
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