Question

During the month of January, Katelyn invested $11,000 in starting her legal practice. Which of the following would be the proper journal entry?
A. Cash, debit $11,000; Katelyn’s Capital, credit $11,000
B. Accounts Payable, debit $11,000; Cash, credit $11,000
C. Cash, debit $11,000; Revenue, credit $11,000
D. Katelyn’s Capital, debit $11,000; Cash, credit $11,000

Answer 1

i'm thinking A

Answer 2

thank you