Journalize the Following Business Transactions in General Journal Form

question 126

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
1. Andrew Bird invested $35,000 cash in exchange for stock.
2. Hired an employee to be paid $400 per week, starting tomorrow.
3. Paid two years' rent in advance, $7,440.
4. Paid the worker's weekly wage.
5. Recorded revenue earned and received for the week, $1,900.

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Definitions:

Starting Concentrations

The initial amounts of reactants in a chemical reaction, usually expressed in molarity or mass.

ΔG°

The standard Gibbs free energy change, indicating the spontaneity of a reaction under standard conditions.

% Conversion

A measure of the efficiency of a chemical reaction, denoting the percentage of reactants that have turned into products.

Substitution Reaction

A type of chemical reaction where one atom or group of atoms in a molecule is replaced by another atom or group of atoms.