Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $51,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction

Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $51,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction.

Cash	51,000
Common stock		51,000

Common stock	51,000
Cash		51,000

Investments	51,000
Cash		51,000

Investments	51,000
Common stock		51,000

Cash	51,000
Increased Equity		51,000

Answer

Cash	51,000
Common stock		51,000