Matthew Martin, the owner of Innovation Consulting, started the business by investing $51,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
A.
| Cash | 51,000? | |
| Note Payable | 51,000? |
B.
| Investments | 51,000? | |
| M. Martin, Capital | 51,000? |
C.
| M. Martin, Capital | 51,000? | |
| Cash | 51,000? |
D.
| Accounts Receivable | 51,000? | |
| Cash | 51,000? |
E.
| Cash | 51,000? | |
| M. Martin, Capital | 51,000? |
Answer: E
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