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Business, 20.02.2020 23:28 FireFlight

L. Lyons started a business and invested $4,000 in exchange for common stock. Illustrate how to record the transaction in the T-accounts by completing the following sentence. The Cash account would be (debited/credited) on the (left/right) side of the T-account and the Common stock account would be (debited/credited) on the (left/right) side of the T-account.

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L. Lyons started a business and invested $4,000 in exchange for common stock. Illustrate how to reco...
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