Question 30 (0.5 points) ...
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Accounting
Question 30 (0.5 points)
Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,600 cash and a building worth $20,600. Identify the general journal entry below that Parker Tax Services will make to record the transaction.
Question 30 options: A)
Account Title Debit Credit Cash 10,600 G. Parker, Capital 10,600
B)
Account Title Debit Credit G. Parker, Capital 31,200 Cash 10,600 Building 20,600
C)
Account Title Debit Credit Cash 10,600 Building 20,600 G. Parker, Capital 31,200
D)
Account Title Debit Credit Notes Payable 31,200 G. Parker, Capital 31,200
E)
Account Title Debit Credit G. Parker, Withdrawals 31,200 G. Parker, Capital 31,200
Question 30 (0.5 points)
Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,600 cash and a building worth $20,600. Identify the general journal entry below that Parker Tax Services will make to record the transaction.
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