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The owner invested $15,000 in a business. Dr. Cash $15,000 Cr. Owner's Capital $15,000 Note - When the Owner contributes any kind of capital, it
The owner invested $15,000 in a business. Dr. Cash $15,000 Cr. Owner's Capital $15,000 Note - When the Owner contributes any kind of capital, it will always impact the Owner's Capital account. From there, we need to determine exactly what was contributed, and impact that account. In this example, Cash was contributed, and therefore Cash would increase...?
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In this example when the owner contributes 15000 ca...
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Accounting Principles Part 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition
1118306783, 978-1118728918, 1118728912, 978-1118306789
