Matthew Martin, the owner of Innovation Consulting, started the business by investing $58,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction. Multiple Choice Account Title Debit Credit Cash 58,000 Note Payable 58,000 Account Title Debit Credit Investments 58,000 M. Martin, Capital 58,000 Account Title Debit Credit Accounts Receivable 58,000 Cash 58,000 Account Title Debit Credit M. Martin, Capital 58,000 Cash 58,000 Account Title Debit Credit Cash 58,000 M. Martin, Capital 58,000

Matthew Martin, the owner of Innovation Consulting, started the business by investing $58,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction. Multiple Choice Account Title Debit Credit Cash 58,000 Note Payable 58,000 Account Title Debit Credit Investments 58,000 M. Martin, Capital 58,000 Account Title Debit Credit Accounts Receivable 58,000 Cash 58,000 Account Title Debit Credit M. Martin, Capital 58,000 Cash 58,000 Account Title Debit Credit Cash 58,000 M. Martin, Capital 58,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 1PB: Provide journal entries to record each of the following transactions. For each, also identify: *the...

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