Journalize the following business transactions in general journal form Adriana Diaz invested $50,000 cash to start an appliance repair business.Hired an employee to be paid $400 per week, starting tomorrow.Paid two years’ rent in advance, $7,200.Paid the worker’s weekly wage.Recorded revenue earned and received for the week, $1,500 DateDescriptionDebitCredit

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Description: Journalize the following business transactions in general journal form Adriana Diaz invested $50,000 cash to start an appliance repair business.Hired an employee to be paid $400 per week, starting tomorrow.Paid two years’ rent in advance, $7,200.Paid

Journal entries are passed following the golden rules of accounting. Debit all assets and expenses…

Answered: Journalize the following business…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Journalize the following business transactions in general journal form

Adriana Diaz invested $50,000 cash to start an appliance repair business.
Hired an employee to be paid $400 per week, starting tomorrow.
Paid two years’ rent in advance, $7,200.
Paid the worker’s weekly wage.
Recorded revenue earned and received for the week, $1,500

Date	Description	Debit	Credit

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