Brief Exercise 163

Journalize the following business transactions in general journal form. Identify each transaction by number. (Credit account titles are automatically indented when the 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.		Barry Cain invested $38,000 cash to start an appliance repair business.
2.		Hired an employee to be paid $500 per week, starting tomorrow.
3.		Paid two years' rent in advance, $10,800.
4.		Paid the worker's weekly wage.
5.		Recorded revenue earned and received for the week, $2,900.

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.
5.