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Mrs. Gupta fulfilled her life dreams by investing $50,000 in a new beauty salon business plus a business loan of $5,000. The journal entry would

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Mrs. Gupta fulfilled her life dreams by investing $50,000 in a new beauty salon business plus a business loan of $5,000. The journal entry would be: A) Debit Cash $50,000; Credit Capital $50,000 B) Debit Capital $55,000; Credit Cash $50,000 and Credit Bank Loan $5,000 C) Debit Cash $55,000; Credit Capital $50,000 and Credit Bank Loan $5,000 D) Debit Cash $55,000; Credit Loan $50,000 and Capital $5,000

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