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The next 6 questions will ask you for the journal entry for a transaction, and then you will also be asked for the end
The next 6 questions will ask you for the journal entry for a transaction, and then you will also be asked for the end of the month general ledger balance in two accounts, so you may want to use "T" accounts or general ledger paper. First transaction: On December 1, 2018, Walter Y. Knott started a consulting service called "Forget Me Knott" by investing $10,000 into the business and opening a business checking account at the bank. What is the journal entry to record this transaction? Debit Cash, Credit Owner's Capital O Debit Owner's Capital, Credit Cash Debit Owner's Withdrawal, Credit Cash Debit Cash, Credit Revenue
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