Question: Please Explain 3. Journalize the below transactions. a) Opened a bank account and deposited $ 10,000. b) Purchased goods for $ 7,500 from XYZ Co.

Please Explain

3. Journalize the below transactions. a) Opened a bank account and deposited $ 10,000. b) Purchased goods for $ 7,500 from XYZ Co. by issuing a daily check for $ 2,500. c) Sold goods for $ 12,000 to ABC Co. by receiving a promissory note for $ 8,000. d) Received a maturity check from ABC Co. for the rest of receivables. e) Endorsed the check to XYZ Co

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