Matthew Martin, the owner of Innovation Consulting, started the business by investing $40,000 cash. Identify...
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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
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.
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