On June 1, 2022 Bedu, Budi, and Bobi were three friends who wanted to form a new firm which would be named as 3B. Bedu would deposit Cash $2,250, Budi would give Equipment $1,150, and Bobi would give Vehicle $3,350. The correct record for this transaction is Select one: Oa. Equipment $1,150 on Credit O b. Cash $2,250 on Credit O c. Capital of Bedu $1,150 on Credit O d. Capital of Bobi $3,350 on Credit

On June 1, 2022 Bedu, Budi, and Bobi were three friends who wanted to form a new firm which would be named as 3B. Bedu would deposit Cash $2,250, Budi would give Equipment $1,150, and Bobi would give Vehicle $3,350. The correct record for this transaction is Select one: Oa. Equipment $1,150 on Credit O b. Cash $2,250 on Credit O c. Capital of Bedu $1,150 on Credit O d. Capital of Bobi $3,350 on Credit

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter4: Completing The Accounting Cycle

Section: Chapter Questions

Problem 5CP

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