A Company Had the Following Transactions Journalise These Transactions

question 22

Essay

A company had the following transactions:
$\begin{array}{ll}\text { October } 1 & \text { Georgeanne started a new business investing } \$ 30000 \text { into the business bank account } \\\text { October } 3 & \text { Purchased equipment for } \$ 10 \text { 000 on credit from Astor Equipment } \\\text { October } 5 & \text { Sales of } \$ 1000 \text { on account to Joe Rice, cost of sales is } \$ 450 \\\text { October } 15 & \text { Pays Astor Equipment } \$ 5000 \\\text { October } 20 & \text { Received } \$ 750 \text { from Joe Rice } \\\text { October } 30 & \text { Georgeanne takes } \$ 1200 \text { from the business for her personal use }\end{array}$ Journalise these transactions.

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Definitions:

Coefficient of Determination

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Correlation

A statistical measure that expresses the extent to which two variables change together, ranging from -1 to 1.

Pearson Correlation

A measure of the linear relationship between two variables, ranging from -1 to 1, where 1 means a perfect positive correlation and -1 means a perfect negative correlation.

Correlation Coefficient

A statistical measure that quantifies the degree of relationship or association between two variables.