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Janice is the sole owner of Janice's Bakery. Last accounting period, Janice invested $6,000 in the bakery. How should this investment be recorded? Why? Select
Janice is the sole owner of Janice's Bakery. Last accounting period, Janice invested $6,000 in the bakery. How should this investment be recorded? Why? Select answer from the options below It should be debited to revenue because it represents money earned, and debits increase revenue. It should be credited to cash because it is a cash asset, and credits increase assets. It should be credited to revenue because it represents money earned, and credits increase revenue. It should be debited to cash because it is a cash asset, and debits increase assets
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