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Journalise the Following Business Transactions in General Journal Form

Question 34

Short Answer

Journalise the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
1. Owner invested $30,000 in exchange for share capital of the company.
2. Hired an employee to be paid $200 per week, starting tomorrow.
3. Paid two years' rent in advance, $7,200.
4. Paid the worker's weekly wage.
5. Recorded revenue earned and received for the week, $1,500.

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