Please Explain All Transection.

O 3) Journalize the following business transactions in general journal form. Identify each tion by number. You may omit explanations of the transactions. (5 marks) 1. Mr. Omar invested $800,000 cash in exchange for ordinary shares 2. Th e company purchased land costing $1000,000 for $500.000 cash and the remainder on credit 3. The company paid two years' rent in advance, $100,000. 4. Real estate commissions billed to clients amount to 50,000 5. Paid 700 in cash for the current month's rent. 6. Performed services for customers on account 6,000 7 Received a bill for 600 for advertising for the current month 8. Paid salaries to employees for $20,500. 9. Hired an employee to be paid $400 per weck, starting tomorrow. 10. Received a check for 30,000 from a client in payment on account for commissions billed in transaction 4 Transaction Account title Debit Credit 2