Journalize the Following Business Transactions in General Journal Form

question 201

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
1. Barry Cain invested $38000 cash to start an appliance repair business.
2. Hired an employee to be paid $500 per week starting tomorrow.
3. Paid two years' rent in advance $10800.
4. Paid the worker's weekly wage.
5. Recorded revenue earned and received for the week $2900.

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Definitions:

Interactions

The processes or actions taken wherein two or more entities or variables affect or influence each other.

Concepts

Broad and general ideas that are fundamental building blocks of theories or models used to classify and organize specific observations.

Patterns

Regularities or trends in data indicating a repeatable sequence or relationship among variables.

Behavior Change

The process of altering or modifying human behaviors, typically aimed at improving health, social, or environmental outcomes.