Mary Martin, the Sole Stockholder of Martin Consulting, Received a $2,000

question 2

Multiple Choice

Mary Martin, the sole stockholder of Martin Consulting, received a $2,000 dividend from the company. Identify the general journal entry below that Martin Consulting will make to record the transaction.

• A) \(\begin{array} { | l | r | r | }
• \hline \text { Dividends } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\)
• B) \(\begin{array} { | l | r | r | }
• \hline \text { Corrunon Stock } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\)
• C) \(\begin{array} { | l | r | r | }
• \hline \text { Dividends } & 2,000 & \\
• \hline \text { Corrmon Stock } & & 2,000 \\
• \hline
• \end{array}\)
• D) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { Corrmon Stock } & & 2,000 \\
• \hline
• \end{array}\)
• E) \(\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { Dividends } & & 2,000 \\
• \hline
• \end{array}\)

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