Question 7 Satyet red and out of 100 p Pag question ADAM Corporation began operations on lanuary 1, 2011. Presented below is selected information related to ADAM at December 31, 2011 Equipment 145,000 Utilities Expense 18,000 Cash 42.000 Accounts Receivable 41,000 Service Revenue 324,000 Wages Expense 171,000 Rent Expense 39,000 Notes Payable 48,000 kecourts Payable 22,000 Dividends 45,000 Share Capital 84,000 Wages Payable 8,000 Supplies 15.000 Advertising Expense 20,000 The statement of financial position at December 31, 2011 reports total assets of Select one CL01 2002.000 102.00 Dt Prelog Next page Question 8 Not yet answered Marked out of 3.00 p Flag question Joumalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction c01 1. Kevin Diaz invested $50,000 cash in exchange for ordinary shares (capital). 2. Paid the worker's weekly wage cash for $12000 3. Recorded revenue earned and received for the week, $1,500 wich BIEB