Samuel Sorenson, the sole stockholder, contributed $79,000 in cash and land worth $148,000 in exchange for common stock to open a new business, SS Consulting. Which of the following general journal entries will SS Consulting make to record this transaction? Multiple Choice O Debit assets $227,000; Credit Common Stock. $227,000 Debit Cash and Land, $227000; Credit Common Stock, $227,000. O Debit Common Stock. $227,000, credit assets $227,000 O Debit cash $79,000, debit land $148,000; Credit Common Stock, $227,000 O A company purchased a new delivery van at a cost of $45,000 on July 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $3,300. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31? Multiple Choice A company purchased a new delivery van at a cost of $45,000 on July 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $3,300. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31? Multiple Choice $6,950. $4,830. $3,475. 53,750.