Jack Pickle decided to start a small business as a corporation. His initial investment was...
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Accounting
Jack Pickle decided to start a small business as a corporation. His initial investment was $4,000 cash in exchange for common stock. Demonstrate how to record this transaction in the accounting equation. Multiple choice question. Increase Cash by $4,000; increase Revenues by $4,000. Decrease Cash by $4,000; decrease Common Stock by $4,000. Increase Cash by $4,000; Increase Common Stock by $4,000. Increase Cash by $4,000; decrease Common Stock by $4,000
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