Elaine Matuszek, the sole stockholder of Matuszek Consulting, received a $2,000 dividend from the company. Identify the general journal entry below that Matuszek Consulting will make to record the transaction.
A.
| Common Stock | 2,000 | |
| Cash | 2,000 |
B.
| Cash | 2,000 | |
| Dividends | 2,000 |
C.
| Dividends | 2,000 | |
| Common Stock | 2,000 |
D.
| Dividends | 2,000 | |
| Cash | 2,000 |
E.
| Cash | 2,000 | |
| Common Stock | 2,000 |
Answer: D
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