Transaction 1: Starting a Business

Sheena Bright starts the new business as a proprietorship named Smart Touch Learning. In April 201, the e-learning agency receives $30,000 cash from the proprietor (owner), Sheena Bright, and gives her Capital in the business. The effect of this transaction on the accounting equation of the business is:

Assets	Liabilities	Owners Equity	Type of Owner Equity
Cash		Sheena Bright, Capital
(1)30,000		?	Owner investment