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anonymous

  • 4 years ago

I am doing T-Accounts. For each decide what accounts are affected and set up T accounts. Record the effects of the transaction in the T accounts. * James, an owner, made an additional investment of $16,000 in cash.

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  1. anonymous
    • 4 years ago
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    The account options are James Wlaker, Capital and Cash.

  2. anonymous
    • 4 years ago
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    |dw:1327457142033:dw|

  3. anonymous
    • 4 years ago
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    You have it backwards. Cash increases with debits, equity with credits. Depending on if it is a proprietorship or corporation, your credit will be to "owner's capital" or "additional paid in capital".

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