In February 2017, Maria Osgood invested an additional $10,000 in her business, Osgoods Pharmacy, which is organized

Question:

In February 2017, Maria Osgood invested an additional $10,000 in her business, Osgood’s Pharmacy, which is organized as a proprietorship. Osgood’s accountant, Carl Sota, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate? Why or why not?