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

question 192

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

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Definitions:

Identical Twins

Siblings born from the same pregnancy who share the same genetic material because they were fertilized from a single zygote that split.

Behavioral Tendencies

Patterns of reaction or action that an individual consistently shows in response to a particular situation.

Personality Trait

Enduring characteristics that describe an individual's behavior, such as introversion or extroversion.

Personality Styles

Refers to the characteristic patterns of thoughts, feelings, and behaviors that make a person unique.