Journalize the Following Transactions for Benjies's Repair Shop and Prepare

question 138

Essay

Journalize the following transactions for Benjies's Repair Shop and prepare a trial balance dated June 30, 2019.
a)Owner, Benjie Brown invested $6,000 cash into the business.
b)Rented a garage and paid one month's rent, $1,200.
c)Purchased $80 of supplies for cash.
d)Performed repair services on account, $1,700.
e)Paid $1,100 cash for equipment.
f)Owner, Benjie Brown withdrew $500 cash for personal use.

Understand the concepts of opportunity recognition and idea generation within entrepreneurship.

Identify and differentiate between finding and effectuation approaches in opportunity creation.

Recognize the importance of addressing unmet needs and solving problems in the marketplace.

Grasp the significance of habit-breaking and pattern recognition strategies for idea generation.

---

Definitions:

Schizophrenia

A long-term mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and withdrawal from reality.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a handbook used by healthcare professionals in the United States and much of the world as the authoritative guide to the diagnosis of mental disorders.

Mental Illness

A broad spectrum of psychological disorders that impact one's emotions, thought processes, and actions.

Classification System

A method used to organize or categorize information or objects, often using predefined criteria for sorting.