Question: help me solve this please i have 30 minutes until the deadline, thank you 5. Journalize the following business transactions in general journal form. Identify

help me solve this please i have 30 minutes until the deadline, thank you help me solve this please i have 30 minutes until the deadline,

5. Journalize the following business transactions in general journal form. Identify each transaction by number. 1) Rachid D. invested $40,000 cash in exchange for ordinary shares. 2) Hired an employee to be paid $400 per week, starting tomorrow. 3) Paid two years' rent in advance, $7,200. 4) Paid the worker's weekly salary. 5) Recorded revenue earned and received for the week, $1,500. 6) Purchased equipment on account for $6,000. 7) Billed customers $5,000 for services performed 8) Made payment of $1,500 on account for equipment purchased earlier in month. 9) Collected $2,400 on customer accounts. * (9 Points) Answer should Be: DR (Debit) Account Name xxxx CR (Credit) Account Name xxxx Enter your

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!