View Policies Current Attempt in Progress Journalize the following business transactions in general journal form. Identify each transaction by number. You may omit explanations of the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) 1. 2. 3. 4. 5. Owner invested $56,000 in exchange for common stock of the corporation. Hired an employee to be paid $300 per week, starting tomorrow. Paid two years' rent in advance, $7,000. Paid the worker's weekly wage. Recorded service revenue earned and received for the week, $1,500. No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5