Which of the Following Journal Entries Would Be Recorded If $$\begin{array} { | l | r | r | } \hline \text { Cash } & 6,000 & \\\hline \text { Jane Brown, capital } & & 6,000 \\\hline\end{array}$$

question 149

Multiple Choice

Which of the following journal entries would be recorded if Jane Brown started a business,and then deposited cash of $6,000 into the business's bank account?

• A) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 6,000 & \\
• \hline \text { Jane Brown, capital } & & 6,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | c | r | r | }
• \hline \text { Accounts payable } & 6,000 & \\
• \hline \text { Cash } & & 6,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Jane Brown, capital } & 6,000 & \\
• \hline \text { Cash } & & 6,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Jane Brown, capital } & 6,000 & \\
• \hline \text { Accounts payable } & & 6,000 \\
• \hline
• \end{array}\]

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Definitions:

Audit Report

A document prepared by an auditor which expresses an opinion on whether financial statements are presented fairly, in all material aspects, in accordance with the applicable financial reporting framework.

Financial Reporting

The method of generating reports that reveal a company's financial condition to its managers, investors, and governmental agencies.

GAAP

Generally Accepted Accounting Principles; a collection of commonly-followed accounting rules and standards for financial reporting.