Journalize the Following Business Transactions in General Journal Form

question 17

Essay

Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions.
1. Jennie Beagle invests $25,000 cash to start a law firm, Legal Beagles, operating as a proprietorship.
2. Paid $2,100 cash for the first three month's rent.
3. Purchased office equipment for $10,000, paying $3,500 in cash and signed a 30-day, 5% note payable for $6,500.
4. Paid $600 cash for the purchase of office supplies.
5. Received a bill for $500 for advertising for the current month.
6. Billed $4,000 to clients for legal services.
7. Paid $200 cash on account for the advertising in transaction 5.
8. Paid $2,500 cash for office salaries.
9. Jennie withdrew $1,200 cash.
10. Received a cheque for $2,000 from a client in payment on account for services billed in transaction 6.

---

Definitions:

Frontal Lobe

The part of the brain located at the front of each cerebral hemisphere, associated with reasoning, motor skills, higher-level cognition, and expressive language.

Synaptic Activity

Synaptic Activity refers to the process by which neurons communicate with each other through the release and reception of neurotransmitters at the synapse.

Limbic System

Part of the brain involved with emotions and olfaction; includes the cingulate gyrus, hippocampus, habenular nuclei, parts of the basal ganglia, the hypothalamus (especially the mammillary bodies, the olfactory cortex, and various nerve tracts).

Sensory Input

Information received by the sensory organs and transmitted to the brain.