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:

P-to-O Expectancy

The perceived probability that one's effort will lead to desired performance outcomes, often discussed in the context of motivation theories.

Job Performance

The degree to which an employee executes their job duties and responsibilities efficiently and effectively.

Need For Achievement

A psychological drive that motivates individuals to accomplish tasks, achieve goals, and set challenging objectives for themselves.

Learned Needs Theory

A theory suggesting that individuals' needs are acquired over time based on their life experiences, affecting motivation and behavior in organizations.