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John Smith is starting a business, and the beginning balance on all accounts in the general ledger is $0. He deposits $50,000 into the business.
John Smith is starting a business, and the beginning balance on all accounts in the general ledger is $0. He deposits $50,000 into the business. What would the balance be in the cash account and the owner's capital account in the general ledger?
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
