Question: Caroline Duffy contributed $ 1 0 , 0 0 0 in cash and equipment worth $ 3 , 0 0 0 to open a new

Caroline Duffy contributed $10,000 in cash and equipment worth $3,000 to open a new business that she has incorporated. Which of the following general journal entries would be used to record this transaction?
Group of answer choices
Debit cash for $10,000, credit common stock for $10,000.
Debit assets for $13,000, credit common stock for $13,000.
Debit cash for $10,000, debit equipment for $3,000, credit common stock for $13,000.
Debit cash for $10,000, debit equipment for $3,000, credit dividends for $13,000.
Debit cash and equipment for $13,000, credit common stock for $13,000.

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