Mary Martin, the Owner of Martin Consulting, Started the Business $$\begin{array} { | l | r | l | } \hline \text { Investments } & 40,000 & \\\hline \text { M. Martin, Capital } & & 40,000 \\\hline\end{array}$$

question 131

Multiple Choice

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.

• A) \[\begin{array} { | l | r | l | }
• \hline \text { Investments } & 40,000 & \\
• \hline \text { M. Martin, Capital } & & 40,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} { | l | r | l | }
• \hline \text { Cash } & 40,000 & \\
• \hline \text { M. Martin, Capital } & & 40,000 \\
• \hline
• \end{array}\]
• 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:

Kinetoscope Parlor

Early form of film exhibition space where individuals viewed moving pictures through a peephole viewer in machines called Kinetoscopes, popular in the late 19th to early 20th century.

Koster and Bial

A historical entertainment venue in New York City, significant for being one of the first places where a motion picture was publicly projected to an audience in 1896.

Magic Lanterns

Early projection devices used before the advent of cinema, capable of projecting painted images onto a surface, often used for entertainment and educational purposes.

Motion Toys

Mid-nineteenth century devices that facilitated the viewing of multiple moving images. See also thaumatrope; phenakistoscope; zoetrope; praxinoscope.