Elaine Matuszek, the sole stockholder of Matuszek Consulting, started the business by investing $46,000 cash. Identify the general journal entry below that Matuszek Consulting will make to record the transaction.
A.
| Common Stock | 46,000? | |
| Cash | 46,000? |
B.
| Cash | 46,000? | |
| Common Stock | 46,000? |
C.
| Cash | 46,000? | |
| Increased Equity | 46,000? |
D.
| Investments | 46,000? | |
| Common Stock | 46,000? |
E.
| Investments | 46,000? | |
| Cash | 46,000? |
Answer: B
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