Ex. 3 - Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transactions. 1. The owner, Mai Li, invests $40,000 in cash in starting a real estate office operating as a sole proprietorship. 2. Purchased $500 of supplies on credit. 3. Purchased equipment for $9,000, paying $4,000 in cash and signed a 30 -day, $5,000, note . 4. Paid $800 in cash for the current month's rent. 5. Received a bill for $600 for advertising for the current month. 6. Paid $2,500 cash for office salaries and wages. 7. Li withdrew $1,800 from the business for living expenses - During December 2017, Vogue Publishing sold 1,500 12month annual magazine subscriptions at a rate of SR 20 each. Show the journal entry to record the receipt on Jan. 1,2018. - a. Show the adjusting journal entry required for mailing the first issue on Jan. 31, 2018. - Question 2 - Feb ,1 2018Kareem cleaning services earned $500 for cleaning services that were not billed to clients - Question 3, Matching the right concept with right definition. - A. PostingB. Trial balance C. Adjusted trial balance D. prepaid expenses E. Unearned revenues F. Adjusting entries G.accrued expenses; H. Accrued revenues