Robert Haddon Contributed $70,000 in Cash and Some Land Worth $\begin{array}{|l|c|c|}\hline \text { Assets } & 200,000 & \\\hline \text { Common Stock } & & 200,000 \\\hline\end{array}$

question 9

Multiple Choice

Robert Haddon contributed $70,000 in cash and some land worth $130,000 to open a new business,RH Consulting.Which of the following general journal entries will RH Consulting make to record this transaction?

• A) \(\begin{array}{|l|c|c|}
• \hline \text { Assets } & 200,000 & \\
• \hline \text { Common Stock } & & 200,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array}{|c|c|c|}
• \hline \text { Cash and Land } & 200,000 & \\
• \hline \text { Common Stock } & & 200,000 \\
• \hline
• \end{array}\)
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 70,000 & \\
• \hline \text { Land } & 130,000 & \\
• \hline \text { Common Stack } & & 200,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | c | r | r | }
• \hline \text { Common Stack } & 200,000 & \\
• \hline \text { Cash } & & 70,000 \\
• \hline \text { Land } & & 130,000 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | c | r | r | }
• \hline \text { Common Stock } & 200,000 & \\
• \hline \text { Assets } & & 200,000 \\
• \hline
• \end{array}\]

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