Question

Alex invested $30,000 in cash in his business. How will this entry be posted in the ledger accounts? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

Answer 1

Answer:

1) The $30,000 will be posted to the debit side of the Cash account.

2) The $30,000 will be posted to the credit side of the Common Stock account.

Explanation: