Richard Redden Contributed $70,000 in Cash and Land Worth $130,000

question 73

Multiple Choice

Richard Redden contributed $70,000 in cash and land worth $130,000 to open a new business, RR Consulting, Inc. Which of the following general journal entries will RR Consulting, Inc. make to record this transaction?

• A) Debit Assets $200,000; credit Common Stock, $200,000.
• B) Debit Cash and Land, $200,000; credit Common Stock, $200,000.
• C) Debit Cash $70,000; debit Land $130,000; credit Common Stock, $200,000.
• D) Debi Common Stock, $200,000; credit Cash $70,000, credit Land, $130,000.
• E) Debit Common Stock, $200,000; credit Assets, $200,000.

Recognize the professional fields and situations that might enable certain paraphilic behaviors.

Differentiate between common and uncommon paraphilias based on prevalence among genders.

Learn about the debates on terminology and classification of sexual behaviors within the psychological community.

Understand the major criteria and general characteristics of personality disorders.

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Definitions:

Dishonored Note

A promissory note that has not been paid at maturity or is in default.

Due

Describes obligations or payments that are scheduled to be paid or completed by a certain date.

Not Paid

Refers to invoices or debts that have not been settled or fulfilled as per their due dates.

Allowance Method

An accounting technique used to account for bad debts by estimating and setting aside a portion of accounts receivable deemed likely to be uncollectible.