Eduardo Martinez, the sole stockholder of Eduardo's Dance Studio, started the business by investing $10,000 cash and donating a building worth $20,000 in exchange for common stock. Identify the general journal entry below that Eduardo's will make to record the transaction.
A.
| Cash | 10,000 | |
| Building | 20,000 | |
| Common Stock | 30,000 |
B.
| Owner's Investments | 30,000 | |
| Common Stock | 30,000 |
C.
| Cash & Building | 30,000 | |
| Common Stock | 30,000 |
D.
| Common Stock | 30,000 | |
| Cash | 10,000 | |
| Building | 20,000 |
E.
| Cash | 10,000 | |
| Common Stock | 30,000 |
Answer: A
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