In February 2022, Ola Gott invested an additional $12,000 in her business, Gott's Pharmacy, which is organized
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In February 2022, Ola Gott invested an additional $12,000 in her business, Gott's Pharmacy, which is organized as a proprietorship. Gott's accountant, Sal Costa, recorded this receipt as an increase in cash and revenues. Is this treatment appropriate? Why or why not?
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The fact in the above is that the item of 12000 was used ...View the full answer
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Related Book For 
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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