In February of 1995, Paul Jones invested $5,000 in Environs, Inc. Environs accountant, Donna Wortham, recorded this

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In February of 1995, Paul Jones invested $5,000 in Environs, Inc. Environ’s accountant, Donna Wortham, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate?

Why or why not?

(d) Cash.

(e) Common stock.

(f) Wages payable.

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Financial Accounting

ISBN: 9780471169208

2nd Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Jun 13, 2024 02:01 AM

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In February of 1995, Paul Jones invested $5,000 in Environs, Inc. Environs accountant, Donna Wortham, recorded this

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Financial Accounting

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