(A) Error 1 In Balance No (B) Difference $500 (C) Larger Column Credit PART-B Journalise the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. 1. The company issues shares in exchange for $40,000 cash 2. Purchased $400 of supplies on credit 3. Purchased equipment for $8,000, paying $2,000 in cash and signed a 30-day, $6,000, note payable 4. Real estate commissions billed to clients amount to $4,000 5. Paid $700 in cash for the current month's rent 6. Paid $200 cash on account for supplies purchased in transaction 2 7. Received a bill for $600 for advertising for the current month 8. Paid $2,200 cash for office salaries and wages 9. The company paid dividends of $1,500 10. Received a cheque for $3,000 from a client in payment on account for commissions billed in transaction 4 Page 2 of 5 Assignment 02 Questions PART-C The transactions of Medina Information Service are recorded in the general journal below. You are to