Thomson Paul contributed $90,000 in cash and some land worth $110,000 to open a new...
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Accounting
Thomson Paul contributed $90,000 in cash and some land worth $110,000 to open a new business, TP Consulting. Which of the following general journal entries will TP Consulting make to record this transaction?
Multiple Choice
A
Cash
90,000
Land
110,000
Common stock
200,000
B
Cash and Land
200,000
Common stock
200,000
C
Assets
200,000
Common stock
200,000
D
Common stock
200,000
Cash
90,000
Land
110,000
E
Common stock
200,000
Assets
200,000
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