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Orlov [11]
3 years ago
5

Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes

Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

c. Cash....................................................................................... 12,000

Equipment .................................................................... 6,000

Gretel, Capital .......

Explanation:

The journal entry is as follows;

Cash Dr $12,000

Equipment Dr $6,000

      To Gretel capital $18,000

(Being the investment done by gretel is recorded)

Here the cash  and equipment is debited as it increased the assets while on the other hand the capital account is credited as it also increased the shareholder equity

Therefore the option c is correct

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Look at it this way, would you take investment advice from an investment banker or from an entrepreneur? Both could present very strong cases but the Investment Banker has expertise in the subject and is more likely to be picked.

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3 years ago
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A contract is an agreement that is legally binding; I A contract is an agreement that is legally binding at one or both of the parties' discretion but not at the discretion of the other party or parties.

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7 0
1 year ago
Selene, a new recruit at Yellow Systems Inc., was encouraged to join the Hispanic Help Group (HHP) to discuss the challenges and
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What is the major difference between the unadjusted trial balance and the adjusted trial balance?
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The adjusted trial balance includes things like accrued revenues that weren't yet recorded, depreciation, unearned revenues and more.

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