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:

Hospital Discharge

The process of a patient leaving the hospital after the completion of treatment.

DRG System

A system used in healthcare to classify hospital cases into groups according to diagnosis, treatment, and length of stay, for the purpose of payment and data analysis.

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes incurred by an employer.

Nonlabor Costs

Expenses related to the operations of a business or project that do not include direct costs of labor, such as materials or overhead.