Business, 11.03.2020 20:09 kailerwebb2
Michael Anderson is starting his computer programming business and has deposited in initial investment of $15,000 into the business cash account. Identify how the accounting equation will be affected.
a. increase in assets (Cash) and increase in assets (Accounts Receivable)
b. increase in assets (Cash) and increase in liabilities (Accounts Payable)
c. increase in assets (Cash) and increase in owner's equity (Michael Anderson, Capital)
d. increase in assets (Accounts Receivable) and decrease in liabilities (Accounts Payable)
Answers: 1
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