Question
Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting, Inc.
Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction.
| Cash | 40,000 | |
| Common Stock | 40,000 |
| Common Stock | 40,000 | |
| Cash | 40,000 |
| Investments | 40,000 | |
| Cash | 40,000 |
| Investments | 40,000 | |
| Common Stock | 40,000 |
| Cash | 40,000 | |
| Increased Equity | 40,000 |
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Financial Reporting and Analysis Using Financial Accounting Information
Authors: Charles H. Gibson
13th edition
1285401603, 1133188796, 9781285401607, 978-1133188797
