Q2: BRIEF EXERCISES

A). Journalize the following business transactions in general journal form. Identify each transaction by number.

. 1. January 1, 2020, Andrew Bird invested $35,000 cash to start a business.

2. January 3, 2020, hired an employee to be paid $400 per week, first payment on February 1.

3. January 5, 2020, paid $7,440 for two years rent in advance (will end at January 5,2022).

B). The Post the Cash account entry