Joshua Scott invests $40,000 into his new business.How would this transaction be entered in the journal in good form?
A)Cash 40,000 Common Stock 40,000
Invested cash in business.
B)Accounts Receivable 40,000 Common Stock 40,000
Invested cash in business.
C)Common Stock 40,000 Cash 40,000
Invested cash in business.
D)Loans Payable 40,000 Cash 40,000
Invested cash in business.

Question

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The Answer of Joshua Scott invests $40,000 into his new business.How would this transaction be entered in the journal in good form?
A)Cash 40,000 Common Stock 40,000
Invested cash in business.
B)Accounts Receivable 40,000 Common Stock 40,000
Invested cash in business.
C)Common Stock 40,000 Cash 40,000
Invested cash in business.
D)Loans Payable 40,000 Cash 40,000
Invested cash in business.

Joshua Scott Invests $40,000 into His New Business