Stewart Candle Company Received a Cash Contribution of $40,000 from the Owner

question 58

Multiple Choice

Stewart Candle Company received a cash contribution of $40,000 from the owner of the business.Which of the following accounts will be debited?

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

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Definitions:

Meteoroid Impacts

Collisions between a meteoroid (space rock) and Earth, which can cause craters and have significant geological and biological effects.

Weathering

The breakdown and alteration of rocks and minerals at the Earth's surface through physical, chemical, or biological processes.

Open-Pit Mine

A type of surface mining operation where rocks or minerals are extracted from a large open pit or borrow.

Underground Mine

A type of mine where the extraction of resources occurs below the Earth's surface, accessed through tunnels or shafts.