How should be two transactions be classified

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Tommy started a business and paid $15,000 into the business bank account. Tommy also obtained a bank loan of $5,000 to help finance the business. How should be two transactions be classified in the statement of financial position?

Reference no: EM133662427

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How should be two transactions be classified : Tommy also obtained a bank loan of $5,000 to help finance the business. How should be two transactions be classified in the statement of financial position

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