The owner invests $15,000 cash in the business in 1. Identify exchange for Owner, Capital. Assets Liabilities Equity 2. Analyze Cash Owner, Capital + 15,000 + 15,000 Cr. 3. Record Cash Dr. 15,000 Owner, Capital 15,000 Cash Owner, Capital 4. Post Knowledge Check 01 On December 1, Don Smith invested $3,000 cash to start his company, Fantastic Tea. Complete the necessary journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. View transaction list Journal entry worksheet 1 > On December 1, Fantastic Tea receives $3,000 cash from Don Smith, in exchange for D. Smith, Capital Note: Enter debits before credits. Date General Journal Debit Credit Dec 01 Record entry Clear entry View general journal