The Owner Invested a Personal Truck in the Business

question 30

Multiple Choice

The owner invested a personal truck in the business. To record this transaction:

• A) debit Equipment and credit Revenue.
• B) debit Accounts Payable and credit Equipment.
• C) debit Equipment and credit Capital.
• D) credit Equipment and debit Capital.

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Definitions:

Upper Back

The region of the back that extends from the base of the neck to the bottom of the ribcage, encompassing muscles and vertebrae.

Quadriceps

A group of four muscles located at the front of the thigh, responsible for extending the knee and flexing the thigh at the hip.

Pedometer

A device that counts the number of steps taken, often used to monitor physical activity levels.

Outermost Part

Refers to the external surface or extreme edge of an object or area.