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Which accounts would you credit? 1. Owners invested $25,000 in cash to start the business. They received common stock. Credit: Cash Accounts receivable Supplies or
Which accounts would you credit?
1. Owners invested $25,000 in cash to start the business. They received common stock. Credit:
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| Cash | |
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| Accounts receivable | |
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| Supplies or Inventory | |
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| Equipment | |
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| Other asset account | |
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| Accounts payable | |
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| Notes payable | |
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| Other liability account | |
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| Capital stock | |
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| Retained earnings | |
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| Revenues or Sales | |
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| Cost of sales | |
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| Expense account (other than cost of sales) | |
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| Dividends |
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