Richard Redden contributed $70,000 in cash and land worth $130,000 to open a new business, RR Consulting, Inc. Which of the following general journal entries will RR Consulting, Inc. make to record this transaction? Debit Assets $200,000; credit Common Stock, $200,000. Debit Cash and Land, $200,000; credit Common Stock, $200,000. Debit Cash $70,000; debit Land $130,000; credit Common Stock, $200,000. Debit Common Stock, $200,000; credit Cash $70,000; credit Land, $130,000. Debit Common Stock, $200,000; credit Assets, $200,000