Randy Stall Invests $25,000 in Cash in the Company to Start

question 126

Multiple Choice

Randy Stall invests $25,000 in cash in the company to start his own company.Randy Stall should:

• A)debit Retained Earnings and credit Cash for $25,000.
• B)debit Cash and credit Retained Earnings for $25,000.
• C)debit Paid-in Capital and credit Retained Earnings for $25,000.
• D)debit Paid-in Capital and debit Retained Earnings for $25,000.
• E)debit Cash and credit Paid-in Capital for $25,000.

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Definitions:

Biohazardous Container

A container designed for the safe disposal of materials that have been or may have been in contact with pathogens, toxins or other hazardous biological agents.

Secondary Container

A receptacle used to hold or transport hazardous materials, typically inside a primary container for extra safety.

OSHA

The Occupational Safety and Health Administration, a U.S. government agency responsible for ensuring safe and healthy working conditions by enforcing standards and providing training.

Category III

In various contexts, it could refer to a classification level that often denotes a specific set of guidelines, requirements, or intensity.