Answer :
Answer:
John contributed $6,000 to the business by opening a bank account in the name of the business, United Internists. This transaction results in an increase in the assets of the business.
True or False.
The answer is TRUE.
Explanation:
The answer is true as stated above.
The asset that increases in value in Cash in bank.
$6,000 in the bank is an asset to the business because the business own and controls it and it will bring future economic benefits to the business