Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
(A) credit Cash and debit Owner's Equity
(B) credit Cash and debit Retained Earnings
(C) credit Cash and debit Investments
(D) debit Cash and credit Owner's Equity
(E) debit Cash and credit Retained Earnings
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Home » Business » Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment? (A) credit Cash and debit Owner's Equity (B) credit Cash and debit Retained Earnings (C) credit Cash and debit Investments (D) debit Cash and credit