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Joshua Scott Invests $40,000 into His New Business

Question 121

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Joshua Scott invests $40,000 into his new business. How would the journal entry for this transaction be entered in the journal?
 A. Cash 40,000 Joshua Scott, Capital 40,000 Invested cash in business  B. Cash 40,000 Joshua Scott, Capital 40,000 Invested cash in business  C. Joshua Scott, Capital 40,000 Cash 40,000 Invested cash in business  D. Joshua Scott, Loan 40,000 Cash 40,000 Invested cash in business \begin{array} { l c c} \text { A. Cash } & 40,000 \\\quad \text { Joshua Scott, Capital } & &40,000 \\\quad \text { Invested cash in business } & \\\text { B. Cash } & 40,000 \\\text { Joshua Scott, Capital } && 40,000 \\\quad \text { Invested cash in business } & \\\text { C. Joshua Scott, Capital } & 40,000 \\\quad \text { Cash } & &40,000 \\\quad \text { Invested cash in business } & \\\text { D. Joshua Scott, Loan } & 40,000 \\\text { Cash } && 40,000 \\\quad \text { Invested cash in business } &\end{array}

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