Essay
On June 20,2015,Lucie Majeau invested the following assets in a new sole proprietorship: cash,$12,000; office equipment,$6,000; land,$100,000; building,$115,000.Majeau owes the bank a $25,000 note payable that is secured by the land and building.Prepare the general journal entry to record Majeau's investments in the new business.
Correct Answer:
Verified
Correct Answer:
Verified
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