Samuel Sorenson,the Sole Stockholder,contributed $70,000 in Cash and Land Worth

Multiple Choice

Samuel Sorenson,the sole stockholder,contributed $70,000 in cash and land worth $130,000 in exchange for common stock to open a new business,SS Consulting.Which of the following general journal entries will SS Consulting make to record this transaction?

A) Debit Assets $200,000; credit Common Stock,$200,000.
B) Debit Cash and Land,$200,000; credit Common Stock,$200,000.
C) Debit Cash $70,000; debit Land $130,000; credit Common Stock,$200,000.
D) Debit Common Stock,$200,000; credit Cash $70,000,credit Land,$130,000.
E) Debit Common Stock,$200,000; credit Assets,$200,000.