Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,000 cash...
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Accounting
Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,000 cash and a building worth $20,000. Identify the general journal entry below that Parker Tax Services will make to record the transaction.
Question 29 options: A)
Account Title Debit Credit Cash 10,000 G. Parker, Capital 10,000
B)
Account Title Debit Credit G. Parker, Capital 30,000 Cash 10,000 Building 20,000
C)
Account Title Debit Credit Cash 10,000 Building 20,000 G. Parker, Capital 30,000
D)
Account Title Debit Credit Notes Payable 30,000 G. Parker, Capital 30,000
E)
Account Title Debit Credit G. Parker, Withdrawals 30,000 G. Parker, Capital 30,000
Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,000 cash and a building worth $20,000. Identify the general journal entry below that Parker Tax Services will make to record the transaction.
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