Which of the Following Journal Entries Would Be Recorded If

question 84

Multiple Choice

Which of the following journal entries would be recorded if Christy Jones started a business and deposited cash of $3,000 into the business's bank account?

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Definitions:

SLCSP Premium

Stands for the Second Lowest Cost Silver Plan, which is a reference point used to calculate health insurance premium tax credits under the Affordable Care Act.

Household Income

The combined gross income of all members of a household, typically measured to understand the economic status or to qualify for various programs or loans.

Child and Dependent

Refers to individuals for whom a taxpayer can claim a dependency exemption.

Care Credit

A healthcare credit card designed to help consumers pay for medical expenses not covered by insurance, with special financing options.