Journalize the Following Business Transactions in General Journal Form

question 199

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.
1. The company issues ordinary shares in exchange for ₤25,000 cash.
2. Purchased ₤400 of supplies on credit.
3. Purchased equipment for ₤10,000, paying ₤3,000 in cash and signed a 30-day, ₤7,000, note payable.
4. Real estate commissions billed to clients amount to ₤4,000.
5. Paid ₤700 in cash for the current month's rent.
6. Paid ₤200 cash on account for supplies purchased in transaction 2.
7. Received a bill for ₤600 for advertising for the current month.
8. Paid ₤2,200 cash for salaries.
9. The company paid dividends of ₤1,200.
10. Received a check for ₤3,000 from a client in payment on account for commissions billed in transaction 4.

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Definitions:

Elevational Pallor

A condition where there is paleness of the skin when the limb is raised, often indicative of arterial insufficiency.

Venous Filling

The process of blood returning to the heart through the venous system, often assessed to evaluate circulatory health.

Coloration

The appearance or alteration of colors on an object or being, often referring to skin, fur, or materials.

Denotation

The literal, dictionary definition of a word, distinct from its connotative or associated meanings.