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Mary Martin, the Owner of Martin Consulting, Withdrew $2,000 Cash

Question 129

Short Answer

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

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