Journalize the Following Business Transactions in General Journal Form

question 44

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 $38,000 cash to start an appliance repair business.
2. Hired an employee to 3. Paid two years' rent in advance, $10,800.
4. Paid the worker's weekly wage.
5. Recorded revenue earned and received for the week, $2,900.

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Definitions:

Expected ROE

The anticipated return on equity, calculated based on expected future earnings divided by shareholders' equity.

Expected ROE

The projected return on equity, which measures a company's efficiency at generating profits from every unit of shareholder's equity.

Dividend Growth Rate

The annualized percentage rate of growth that a particular stock's dividend undergoes over a period of time.

Plowback Ratio

The proportion of earnings retained by a company after dividends have been paid out, often used to fund growth projects.