Joan Giordano, owner of Best Cleaning Services, invested an additional $95,000 i

Question

Joan Giordano, owner of Best Cleaning Services, invested an additional $95,000 in the company. Which of the following would be a part of the correct journal entry to record this transaction? A debit to the Cash account. A credit to the Invested Equity account. A debit to the Capital Stock account. A debit to the Cash Received account A debit to the Cash account. A credit to the Invested Equity account. A debit to the Capital Stock account. A debit to the Cash Received account Joan Giordano, owner of Best Cleaning Services, invested an additional $95,000 in the company. Which of the following would be a part of the correct journal entry to record this transaction? A debit to the Cash account. A credit to the Invested Equity account. A debit to the Capital Stock account. A debit to the Cash Received account

Explanation / Answer

I guess they are asking for the customer's account. He loses 95k = a debit.

Related Questions

Navigate

• Browse (All)
• Browse J
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.