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Journalize transactions and adjustments: Welch Company, Taylor Bicycle

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1. Journalize the following business transactions in general form. Identify each transaction by number. You may omit explanations of the transaction.

a. The Company issued stock in exchange for $20,000 cash.
b. Hired an employee to be paid $400 per week, starting tomorrow.
c. Paid two years rent in advance, $7,200
d. Paid the worker's weekly wage
e. Recorded revenue earned and received for the week, $1,500

Debit & Credit Accounts Debit Credit
E.g. Dr. Cash 200
Cr. Accounts Receivable 200
a.

b.

c.

d.

e.

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The expert examines journalize transactions and adjustments for a Welch Company.

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1. Journalize the following business transactions in general form. Identify each transaction by number. You may omit explanations of the transaction.

a. The Company issued ...

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