Mary Martin, the owner of Martin Consulting, started the business by investing $47,000 cash. Identify the general journal entry below that Martin Consulting will make to record the transaction.
a.
Cash 48,000
Increased Equity 48,000
b.
Investments 48,000
Cash 48,000
c.
Cash 48,000
Common stock 48,000
d.
Common stock 48,000
Cash 48,000
e.
Investments 48,000
Common stock 48,000
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