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Which entry records the investment of cash by John, owner of a sole proprietorship? A. Debit John, Capital; credit Cash B. Debit Cash; credit John, Withdrawals C. Debit John, Wi…

Which entry records the investment of cash by John, owner of a sole proprietorship? A. Debit John, Capital; credit Cash B. Debit Cash; credit John, Withdrawals C. Debit John, Wi…
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5 votes
Which entry records the investment of cash by John, owner of a sole proprietorship?

A. Debit John, Capital; credit Cash
B. Debit Cash; credit John, Withdrawals
C. Debit John, Withdrawals; credit Cash
D. Debit Cash; credit John, Capital

asked
User Aosmith
by
8.2k points

1 Answer

5 votes
The answer is: D - Debit Cash; credit John, Capital.

Step-by-step explanation:

The entry records the investment of cash by John, owner of a sole proprietorship is: Debit Cash; credit John, Capital.
answered
User Markus Mauch
by
8.6k points
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