The Journal Entry Will:
A) Increase Capital and Decrease Cash

$\begin{array}{|l|l|l|l|l|l|}\hline \text { April } & 23 & \text { Cash } & &26,000 & \\\hline & & \text { Jim Xu, Capital } & & & 26,000 \\\hline & & \text { Invest cash in XuCo. } & & & \\\hline\\\end{array}$ The journal entry will:

A) Increase Capital and decrease Cash
B) Increase Cash and decrease Capital
C) Increase Cash and increase Capital
D) Decrease Cash and decrease Capital

Correct Answer:

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