Mary Martin, the Owner of Martin Consulting, Inc $\begin{array} { | c | r | r | } \hline \text { Cash } & 40,000 & \\\hline \text { Common Stock } & & 40,000 \\\hline\end{array}$

Mary Martin, the owner of Martin Consulting, Inc., started the business by investing $40,000 cash. Identify the general journal entry below that Martin Consulting, Inc. will make to record the transaction.

A) $\begin{array} { | c | r | r | } \hline \text { Cash } & 40,000 & \\\hline \text { Common Stock } & & 40,000 \\\hline\end{array}$
B) $\begin{array} { | c | r | r | } \hline \text { Commen Stock } & 40,000 & \\\hline \text { Cash } & & 40,000 \\\hline\end{array}$
C) $\begin{array} { | c | r | r | } \hline \text { Investments } & 40,000 & \\\hline \text { Cash } & & 40,000 \\\hline\end{array}$
D) $\begin{array} { | c | r | r | } \hline \text { Investments } & 40,000 & \\\hline \text { Commrnon Stock } & & 40,000 \\\hline\end{array}$
E) $\begin{array} { | c | r | r | } \hline \text { Cash } & 40,000 & \\\hline \text { Increased Equity } & & 40,000 \\\hline\end{array}$