Mary Martin, the Owner of Martin Consulting, Withdrew $2,000 Cash $$\begin{array} { | l | r | r | } \hline \text { M. Martin, Capital } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}$$

question 200

Multiple Choice

Mary Martin, the owner of Martin Consulting, withdrew $2,000 cash from the company for personal use. Identify the general journal entry below that Martin Consulting will make to record the transaction.

• A) \[\begin{array} { | l | r | r | }
• \hline \text { M. Martin, Capital } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | r | }
• \hline \text { M. Martin, Withdrawals } & 2,000 & \\
• \hline \text { M. Martin, Capital } & & 2,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { M. Martin, Withdrawals } & & 2,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | r | r | }
• \hline \text { Cash } & 2,000 & \\
• \hline \text { M. Martin, Capital } & & 2,000 \\
• \hline
• \end{array}\]
• E) \[\begin{array} { | l | r | r | }
• \hline \text { M. Martin, Withdrawals } & 2,000 & \\
• \hline \text { Cash } & & 2,000 \\
• \hline
• \end{array}\]

---

Definitions:

Rapidly Developing

Experiencing fast growth or advancement, often used to describe economies, technologies, or industries.

Market

An area or arena in which commercial dealings are conducted, including the buying and selling of goods and services.

Segmented Components

Parts or sections of a product designed to be easily separable, often for customization, maintenance, or recycling purposes.

Services

Economic activities that typically produce an intangible product (such as education, entertainment, lodging, government, financial, and health services).