Matthew Martin, the owner of Innovation Consulting, started the business by investing $40,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction.

Question 25 options:

A)

Account Title	Debit	Credit
Cash	40,000
M. Martin, Capital		40,000

B)

Account Title	Debit	Credit
M. Martin, Capital	40,000
Cash		40,000

C)

Account Title	Debit	Credit
Accounts Receivable	40,000
Cash		40,000

D)

Account Title	Debit	Credit
Investments	40,000
M. Martin, Capital		40,000

E)

Account Title	Debit	Credit
Cash	40,000
Note Payable		40,000