Mary Martin, the Owner of Martin Consulting, Started the Business

question 148

Short Answer

Mary Martin, the owner of Martin Consulting, started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting will make to record the transaction.
$$\begin{array}{l}\text { A) }\\\begin{array} { | l | r | r | } \hline \text { Investments } & 40,000 & \\\hline \text { M. Martin, Capital } & & 40,000 \\\hline\end{array}\end{array}$$
B)
$\begin{array}{|l|r|r|}\hline \text { Cash } & 40,000 & \\\hline \text { M. Martin, Capital } & & 40,000 \\\hline\end{array}$
C)
$\begin{array}{|l|r|r|}\hline \text { M. Martin, Capital } & 40,000 & \\\hline \text { Cash } & & 40,000 \\\hline\end{array}$
D)
$\begin{array}{|l|r|r|}\hline \text { Investments } & 40,000 & \\\hline \text { Cash } & & 40,000 \\\hline\end{array}$
E)
$\begin{array}{|l|r|r|}\hline \text { Cash } & 40,000 & \\\hline \text { Increased Equity } & & 40,000 \\\hline\end{array}$

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Definitions:

Expectancy Theory

A motivation theory suggesting that individuals are motivated to perform based on the expected outcome and the value of that outcome to them.

Motivated

Describes being driven or encouraged to act towards achieving a goal or fulfilling a need or desire.