Question: Which general Journal entry should be used to record this transaction into the books of the business? Select one: a. Debit Bank 38,500 Debit Inventory

Which general Journal entry should be used to record this transaction

Which general Journal entry should be used to record this transaction into the books of the business? Select one: a. Debit Bank 38,500 Debit Inventory 50,000 Credit Loan 15,500 Credit Capital 73,000 Commencement of business b. Debit Bank 38,500 Debit Inventory 50,000 Credit Loan 15.500 Commencement of Business c. Debit Bank 38,500 Debit Inventory 20,000 Debit Loan 15,500 Credit Capital 43,000 Commencement of Business d. Debit Bank 38,500 Debit Inventory 50,000 Debit Loan 15,500 Commencement of Business

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