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Joe and Jake go into business together and decide to form a corporation called J\&J,...

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Accounting

imageimage Joe and Jake go into business together and decide to form a corporation called J\&J, Inc. They each make an initial investment of $20,000. Which account will you record this initial investment in? Owner draw Opening balance equity Shareholder equity Partner contributions Which payroll transaction would be recorded in a cash basis accounting system? Payroll Company Expense Employee Sick Time Accruals Insurance Plan withholdings to be paid next month Employee use of their Health Savings Account

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