Question: please make sure the answer is correct 100% On 4/1 Khalid invested KD 80,000 cash in his new business. 1 * On the debit side
please make sure the answer is correct 100%
On 4/1 Khalid invested KD 80,000 cash in his new business. 1 * On the debit side of the entry (2) (2 ) Cash Investment Drawings Capital On 4/1 Purchased office supplies for a total price of KD 2,000. A cash payment of KD 1,200 was 2 made and a note payable was issued for the balance of the purchased price I * :The entry for the above transaction will include 2) (2 ) Cr. 800 notes payable Dr. 1,200 office supplies Cr. 2,000 cash Dr. 1,200 cash
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