Sandra Invests $40,000 in Her New Business by Depositing the Cash

question 133

Multiple Choice

Sandra invests $40,000 in her new business by depositing the cash in the business's bank account. Which of the following accounts will be debited?

• A)Accounts Receivable
• B)Cash
• C)Sandra, Capital
• D)Accounts Payable

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Definitions:

Social Conditions

The societal factors and circumstances impacting individuals' way of life, including economics, culture, and community practices.

Gothic Period

A style of art and architecture that developed in Europe during the late Middle Ages, noted for its pointed arches, ribbed vaults, and flying buttresses.

Barbarian Migrations

Large-scale movements of peoples in the late Roman Empire period, contributing to its decline.

Scholasticism

The Gothic school of philosophy in which scholars applied Aristotle’s system of rational inquiry to the interpretation of religious belief.