Question

The owner invested personal equipment in the business. To record this transaction,


A. debit Equipment and credit Accounts Payable.

B. debit Accounts Payable and credit Equipment.

C. debit Equipment and credit Capital.

D. credit Equipment and debit Capital.

Answer 1

....

Answer 2

Would it be C?

Answer 3

Yes, it's C.

Answer 4

Sorry, I was reading up on it haha.

Answer 5

thanks