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Victor Cruz contributed $95,000 in cash and land worth $180,000 to open a new business, VC Consulting, in exchange for common stock. Which of the

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Victor Cruz contributed $95,000 in cash and land worth $180,000 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 Common Stock. $275,000: Credit Assets $275,000 Debit Common Stock. $275,000, Credit Cash $95,000; Credit Land $180,000. Debit Cash $95.000; Debit Land $180,000: Credit Common Stock. $275,000. Debit Accounts Payable $275,000: Credit Common Stock, $275,000 Credit Cash and Land, $275,000; Credit Common Stock. $275,000

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