a-business-receives-a-15000-cash-contribution-from-an-owner-how-should-this-be-r

Question

A business receives a $15,000 cash contribution from an owner. How should this be recorded in the journal?

Accepted Answer

Debit Cash $$15,000; Credit Common Stock 15$$,000.

Answer

Debit Cash $$15,000; Credit Liabilities 15$$,000.

Answer

Debit Common Stock $$15,000; Credit Cash 15$$,000.

Answer

Debit Liabilities $$15,000; Credit Cash 15$$,000.

A business receives a \$15,000 cash contribution from an owner. How should this be recorded in the journal?