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 $ in cash and equipment worth $ 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 $ credit common stock for $
Debit assets for $ credit common stock for $
Debit cash for $ debit equipment for $ credit common stock for $
Debit cash for $ debit equipment for $ credit dividends for $
Debit cash and equipment for $ credit common stock for $
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