Johnson&Walker Industries is started on January 1, 2022, with all starting balances of 0. Take the information

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Johnson&Walker Industries is started on January 1, 2022, with all starting balances of 0. Take the information listed below and prepare journal entries. Use those entries to prepare the unadjusted trial balance for the date of 12/31/2022.



	a	On January 18th, 2022 Timmy creates Johnson&Walker Industries and purchases $25,000 of common stock
	b.	On February 21st, Johnson&Walker Industries buys $120,000 of equipment with a down payment of $10,000 and a 5 year term loan of $110,000
	c	On March 31st, Johnson&Walker Industries buys $10,000 worth of supplies on account
	d	On April 1st, Johnson&Walker Industries invoice their client Ginobili LLC for $20,000 in services provided
	e	On May 5th, Johnson&Walker Industries pay salaries to their employees of $5,000
	f	On June 19th, Johnson&Walker Industries pay $3,000 for an event to bring in new customers
	g	On July 4th, Johnson&Walker Industries receives $60,000 from Parker, LLC for services of which Johnson&Walker Industries have only provided half of
	h	On September 15th, Johnson&Walker Industries pay $5,000 in dividends to the stockholder
	i	On November 1st, Johnson&Walker Industries purchase $4,000 of marketable securities
	j	On December 8th, Johnson&Walker Industries pays rent of $2,000 to Robinson Enterprises

Related Book For answer-question

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Applied Corporate Finance

Applied Corporate Finance

ISBN: 978-1118808931

4th edition

Authors: Aswath Damodaran

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Posted Date: Oct 29, 2022 01:31 AM

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