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Mary Martin,the Sole Stockholder of Martin Consulting,received a $2,000 Dividend  Dividends 2,000 Cash 2,000\begin{array} { | l | r | r | } \hline \text { Dividends } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}

Question 48

Multiple Choice

Mary Martin,the sole stockholder of Martin Consulting,received a $2,000 dividend from the company.Identify the general journal entry below that Martin Consulting will make to record the transaction.


A)  Dividends 2,000 Cash 2,000\begin{array} { | l | r | r | } \hline \text { Dividends } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}
B)  Common Stock 2,000 Cash 2,000\begin{array} { | l | r | r | } \hline \text { Common Stock } & 2,000 & \\\hline \text { Cash } & & 2,000 \\\hline\end{array}
C)  Dividends 2,000 Common Stock 2,000\begin{array} { | l | r | r | } \hline \text { Dividends } & 2,000 & \\\hline \text { Common Stock } & & 2,000 \\\hline\end{array}
D)  Cash 2,000 Common Stock 2,000\begin{array} { | l | r | r | } \hline \text { Cash } & 2,000 & \\\hline \text { Common Stock } & & 2,000 \\\hline\end{array}
E)  Cash 2,000 Dividends 2,000\begin{array} { | l | r | r | } \hline \text { Cash } & 2,000 & \\\hline \text { Dividends } & & 2,000 \\\hline\end{array}

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