Geraldine Parker, the Owner of Gi Gi's Dance Studio, Inc $\begin{array} { | c | r | r | } \hline \text { Cash } & 10,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$

question 206

Multiple Choice

Geraldine Parker, the owner of Gi Gi's Dance Studio, Inc., started the business by investing $10,000 cash and donating a building worth $20,000. Identify the general journal entry below that Gi Gi's will make to record the transaction.

• A) \(\begin{array} { | c | r | r | }
• \hline \text { Cash } & 10,000 & \\
• \hline \text { Common Stock } & & 30,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | l | l | }
• \hline \text { Cormmen Stock } & 30,000 & \\
• \hline \text { Cash } & & 10,000 \\
• \hline \text { Building } & & 20,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 10,000 & \\
• \hline \text { Building } & 20,000 & \\
• \hline \text { Common Stock } & & 30,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | c | r | r | }
• \hline \text { Common Stock } & 30,000 & \\
• \hline \text { Retained Earnings } & & 30,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | c | r | r | }
• \hline \text { Cash \& Building } & 30,000 & \\
• \hline \text { Common Stock } & & 30,000 \\
• \hline
• \end{array}\)

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Definitions:

Plan B

Often referred to as emergency contraception, it is a method used to prevent pregnancy after unprotected sex has occurred.

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Sexual activity without the use of contraceptives or protective measures, increasing the risk of sexually transmitted infections and unintended pregnancies.

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An excessive desire to protect someone from real or perceived dangers, often leading to restrictions that can impede personal growth or independence.