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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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