Question: On 1st November 2020, Mr. Smith started a ready man inc. a service business. On November 1st 30,000 cash was deposited into the bank as

On 1st November 2020, Mr. Smith started a ready man inc. a service business. 

On November 1st 30,000 cash was deposited into the bank as an investment from Mr. Smith.

1. Make the required Journal Entries.

2. Make a t-account for each account.

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