Journalize the Following Business Transactions in General Journal Form

question 172

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
1. Kevin Diaz invested $40,000 cash in exchange for ordinary shares.
2. Hired an employee to be paid $400 per week, starting tomorrow.
3. Paid two years' rent in advance, $7,200.
4. Paid the worker's weekly salary.
5. Recorded revenue earned and received for the week, $1,500.

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Definitions:

Genetic Information

Data related to an individual's DNA sequence, including genes and hereditary traits, used for understanding genetic conditions and relationships.

Prenatal Genetic Testing

The process of screening and testing embryos or fetuses before birth for genetic disorders or potential health issues.

Genetic Conditions

Health disorders caused by anomalies in genes or chromosomes, often inherited from parents.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability.