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On April 1, 2020 Susan Jones invests $70,000 cash in a new consulting Company called Jones Consulting. The journal entry to record this transaction is:

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On April 1, 2020 Susan Jones invests $70,000 cash in a new consulting Company called Jones Consulting. The journal entry to record this transaction is: Debit Cash and credit Due to Owner $70,000 Debit Cash and credit Revenue $70,000 Debit Cash and credit Common Stock $70,000 Debit Due to Owner and credit Cash $70,000

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