Transactions are first journalized and then posted to ledger accounts. In this exercise, however, your understanding of the relationship between the journal and the ledger is tested by asking you to study some ledger accounts and determine the journal entries that probably were made to produce these ledger entries. The following accounts show the first six transactions of Avenson Insurance Company. Prepare a journal entry (including a written explanation) for each transaction. Instructione: This week, you are leaming to joumalize transacfions using the double-entry method (debits and credits). It is VERY important that you master this skill as the remainder of the course will build upon this content. Take a look at the example of a business transaction from your Iexibook (page 95) under the heading Recording Balance Sheet Transactions: An Illustration. "Your book shows the process that they use to detormine the appropriate debit and credit entries. You'll need to use a similar thought process when analyzing transactions. Key points to keep in mind when joumalizing transactions are: 1. Every debit and credit entry must go to a valid general ledger account. 2. Tolal debits and total credits must be equal within every journal eniry