Business, 11.11.2020 08:10 shymitch32

Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct? A. Cash is debited $5,000; capital is credited $500.
B. Capital is debited $5,000; cash is credited $5,000.
C. Cash is credited $5,000; capital is credited $5,000.
D. Cash is debited $5,000; capital is credited $5,000.

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Dr. Peabody contributed $5,000 in cash to the company. Which of the following statements is correct?...