Question: asap dont need full answer just a b c d 26, y Sci: 2 Judy Haddon contributed $70,000 in cash and land worth $130,000 to

asap dont need full answer just a b c d
26, y Sci: 2 Judy Haddon contributed $70,000 in cash and 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: Debit Haddon, Capital, $200,000; credit Cash $70,000, credit Land, $130,000. B: Debit Cash $70,000; debit Land $130,000; credit Haddon, Capital, $200,000. C: Debit Assets $200,000; credit Haddon, Capital, $200,000. D: Debit Cash and Land, $200,000; credit Haddon, Capital, $200,000. 27, S: 2 The closing process is necessary in order to: A: ensure that net income or net loss and owner withdrawals for the period are closed into the owner's capital account. B: ensure that all permanent accounts are closed to zero at the end of each accounting period. C: ensure that the company complies with state laws. D: ensure that management is aware of how well the company is operation
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