Thomson Paul contributed $90,000 in cash and some land worth $110,000 to open a new...
70.2K
Verified Solution
Link Copied!
Question
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
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.