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Sally Jones, owner of a business, invests cash into the business; the associated journal entry is: O debit, Cash; credit, Sally Jones, Owner's Equity
Sally Jones, owner of a business, invests cash into the business; the associated journal entry is: O debit, Cash; credit, Sally Jones, Owner's Equity debit, Sally Jones, Owner's Equity; credit, Cash O debit, Sally Jones, Capital; credit, Cash. O debit, Cash; credit, Sally Jones, Capital.
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