On 1/1/20, ASC begins doing business by obtaining CASH from three principal owners: Lawrence J. Abbott for $20,000, Don Majkowsky for $10,000 and Brett Favreau for $10,000. All 3 principals pay in CASH (for a total of $40,000). Please give the journal entry to describe this transaction (please simply denote this as contributed capital). (2 pts) 2. On 1/1/20, ASC obtains a cash regi