Question: Select the correct journal entry to record this transaction: Owner contributes $10,000 cash in exchange for common stock A: Common Stock Debit $10,000 Cash Credit

Select the correct journal entry to record this transaction:

Owner contributes $10,000 cash in exchange for common stock

A: Common Stock Debit $10,000

Cash Credit $10,000

B: Cash Debit $10,000

Retained Earnings Credit $10,000

C: Owner Withdrawals Debit $10,000

Cash Credit $10,000

D: Cash Debit $10,000

Common Stock Credit $10,000

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