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Question 1: (7 Points) Part 1 (5 Points) Selected Transactions for Joan Company for the month of October 2019 are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1/10: Invested $42,000 cash in the business. 5/10: Purchased land costing $28,000 for cash. 8/10: Purchased equipment costing $18,000 in which $4,000 paid in cash and the remainder on account. . 10/10: Purchased supplies on account for $800. 13/10: Received $3,500 cash for services performed. 17/10: Received $4,000 for services previously performed on account. 20/10: Billed customers $5,600 for services performed 25/10: The owner withdrews $2,300 cash from the business 29/10: Paid salaries to employees for $2,800. 20/10: Paid rent amounted $3,200 for company's bulding. Part 2 (2 Points) From the above transactions, analyze ONLY the transactions that recorded as Compound Entries.. Question 2: (3 Points) The following changes had been occurred to liabilities and owners' equity during a period in the following independent cases: Case Assets Liabilities Owners' Equity A ??? Decreased by S40,000 Increased by $30,000 ??? Decreased by S40,000 Decreased by $30,000 C ??? Increased by 59,000 Decreased by $25,000 B Required: According to the accounting equation, compute the amount and increase or decrease) in total assets for each case. momola Question 2: (3 Points) Change in Assets Calculations Increase Decrease Amount Case A Case B Case C Question 1: Part 1 (5 Points) Date Accounts Titles & Explanation Amounts (S) 2020 MD Dr. Cr