Question

question 5 (mandatory) (5 points) may 23 cash 22,000 common stock 22,000 invest cash in business. this journal entry will increase common stock and decrease cash increase cash and decrease common stock increase cash and increase common stock decrease cash and decrease common stock

Explanation:

When cash is invested in the business, the company's cash asset increases, and the common - stock (equity) also increases as the investors receive shares in return for their cash investment. Debiting cash increases its balance, and crediting common stock increases its balance.

Answer:

C. increase Cash and increase Common Stock