2)The owner invested cash in the business:
a)increase Capital account.
b)decrease Capital account.
3)The owner invested cash in the business
a)debit Capital account
b)credit Capital account
5)The business borrowed money from the bank:
a)increase Notes Payable account.
b)decrease Notes Payable account.
6) The business received cash from a cash customer:
a)increase Service Revenue account.
b)decrease Service Revenue account.
1)a - More cash is gained, therefore debit cash.
2)a - More capital is owed to the owner, therefore capital ...
The solution gives the answer together with an explantion of the basis for the response.