anonymous
  • anonymous
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.
Finance
chestercat
  • chestercat
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anonymous
  • anonymous
The account options are James Wlaker, Capital and Cash.
anonymous
  • anonymous
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anonymous
  • anonymous
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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