Victor Cruz contributed $79,000 in cash and land worth $148,000 to open a new business, VC Consulting, in exchange for common stock. Which of the following general journal entries will VC Consulting make to record this transaction? Multiple Choice Debit Accounts Payable $227,000; Common Stock, $227,000. Credit Cash and Land, $227,000; Common Stock, $227,000. Debit Cash $79,000; Debit Land $148,000; Common Stock, $227,000. Debit Common Stock, $227,000; Credit Cash $79,000; Credit Land $148,000. Debit Common Stock, $227,000; Credit Assets $227,000.