Question

Company A was incorporated on January 1, 20X0 with an initial cash 35000. During the first month of its operations, the company engaged in the following transactions:
Journalize the following business transactions of La in general journal form. Identify each transaction by number. You may omit explanations of the transaction.
⦁ Hired an employee to be paid RS 400 per week, starting tomorrow.
⦁ Paid two years’ rent in advance, RS 7,440.
⦁ Paid the worker’s weekly wage RS 100.
⦁ Recorded revenue earned and received for the week, RS 1,900.

Answer 1

Explanation:

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