Joshua Scott Invests $40,000 into His New Business

question 192

Multiple Choice

Joshua Scott invests $40,000 into his new business.How would this transaction be entered in the journal in good form?

• A)Cash 40,000 Common Stock 40,000
• Invested cash in business.
• B)Accounts Receivable 40,000 Common Stock 40,000
• Invested cash in business.
• C)Common Stock 40,000 Cash 40,000
• Invested cash in business.
• D)Loans Payable 40,000 Cash 40,000
• Invested cash in business.

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Definitions:

Reduce Tension

Involves actions or strategies aimed at lowering anxiety, stress, or conflict in a situation or environment.

Facilitator

An individual who aids a group in learning or achieving its goals by guiding discussions and processes without directing the outcome.

Decision

The process of making choices or conclusions after considering different possibilities and evaluating outcomes.

Group Of People

A collection of individuals who come together for a common purpose or to engage in a shared activity.