Geoff Parker, the Sole Stockholder of Parker Tax Services, Started $\begin{array}{|l|r|r|}\hline \text { Cash } & 10,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$

Multiple Choice

Geoff Parker, the sole stockholder of Parker Tax Services, started the business by investing $10,000 cash and a building worth $20,000. Identify the general journal entry below that Parker Tax Services will make to record the transaction.

A) $\begin{array}{|l|r|r|}\hline \text { Cash } & 10,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$
B) $\begin{array}{|l|r|r|}\hline \text { Common Stock } & 30,000 & \\\hline \text { Cash } & & 10,00 \\\hline \text { Building } & & 20,000 \\\hline\end{array}$
C) $\begin{array}{|l|r|l|}\hline \text { Cash } & 10,000 & \\\hline \text { Building } & 20,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$
D) $\begin{array}{|l|r|r|}\hline \text { Notes Payable } & 30,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$
E) $\begin{array}{|l|r|r|}\hline \text { Dividends } & 30,000 & \\\hline \text { Common Stock } & & 30,000 \\\hline\end{array}$