Question: Jack Pickle decided to start a small business. His initial investment was $4,000. Demonstrate how to record this transaction in the accounting equation. Multiple choice

Jack Pickle decided to start a small business. His initial investment was $4,000. Demonstrate how to record this transaction in the accounting equation. Multiple choice question.

Increase Cash by $4,000; Increase J. Pickle, Capital by $4,000

Increase Cash by $4,000; decrease J. Pickle, Capital by $4,000.

Increase Cash by $4,000; increase Revenues by $4,000.

Decrease Cash by $4,000; decrease J. Pickle, Capital by $4,000.

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