uestion 4 of 10 ournalize the following business transactions in general journal form. Identify each transaction by number. 1. 2. 3. 4. 5. Andrew Bird invested $35,000 cash in exchange for stock. Hired an employee to be paid $400 per week, starting tomorrow. Paid two years' rent in advance. $7,440. Paid the worker's weekly wage. Recorded revenue earned and received for the week, $1,900. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" r the account titles and enter o for the amounts.) No. Account Titles and Explanation 1. Debit I -/2 E 1 Credit

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is