Question 32 of 402.5/ 2.5 PointsDuring the month of January, Katelyn invested $11,000 in starting her legal practice. The proper journal entry would be __________.A. Cash, debit $11,000; Katelyn's Capital, credit $11,000B. Accounts Payable, debit $11,000; Cash, credit $11,000C. Cash, debit $11,000; Revenue, credit $11,000D. Katelyn's Capital, debit $11,000; Cash, credit $11,000
Question 33 of 402.5/ 2.5 PointsBusiness transactions are first recorded in the __________.