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

Question 134

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

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