Question 30 (0.5 points)

Geoff Parker, the owner of Parker Tax Services, started the business by investing $10,600 cash and a building worth $20,600. Identify the general journal entry below that Parker Tax Services will make to record the transaction.

Question 30 options:

A)

Account Title	Debit	Credit
Cash	10,600
G. Parker, Capital		10,600

B)

Account Title	Debit	Credit
G. Parker, Capital	31,200
Cash		10,600
Building		20,600

C)

Account Title	Debit	Credit
Cash	10,600
Building	20,600
G. Parker, Capital		31,200

D)

Account Title	Debit	Credit
Notes Payable	31,200
G. Parker, Capital		31,200

E)

Account Title	Debit	Credit
G. Parker, Withdrawals	31,200
G. Parker, Capital		31,200