Journalize the following business transactions in general journal form. Identify each transaction by number. You...
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Accounting
Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
| 1. | Owner invested $60,000 in exchange for common stock of the corporation. | |
| 2. | Hired an employee to be paid $400 per week, starting tomorrow. | |
| 3. | Paid two years rent in advance, $7,200. | |
| 4. | Paid the workers weekly wage. | |
| 5. | Recorded service revenue earned and received for the week, $1,500. |
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