00:01
Hello, it's given that alex invested $30 ,000 in cash in his business and how will this entry be posted in the ledger account.
00:17
And it's given that we may select more than one answer.
00:22
So, since he invested some amount of money in cash, we can expect that cash increased in this company so this amount of money will be posted to the debit side of the cash account and at the same time the same amount money should be posted to the credit side of the common stock account so here we have four answer options let's start with the first one so let me write this entry first so it will be debit cash and amount is 30 ,000 and credit common stock account, common stock account increased and it's also 30 ,000 okay, let's look to the all answer options.
01:48
A, this amount of money will be posted to the credit side of the cash account.
01:55
So it's not about credit side of the cash account, so this one is not correct.
02:01
B, it will be posted to the debit side of the cash account and this one is correct.
02:09
B is the correct answer...
