Transactions for Joan Jett Company for the month of October are presented below. Journalize each transaction...

 

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Transactions for Joan Jett Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1. Invested $42,000 cash in the business. 2. Purchased land costing $28,000 for cash . 3. Purchased equipment costing $18,000 for $4,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $1,200 for a one-year insurance policy. 6. Received $3,500 cash for services performed. 7. Received $4,000 for services previously performed on account. 8. Paid wages to employees for $2,800. 9. Petty withdrew $2,300 cash from the business. Required 1-journalized the above transactions 2-Post the cash account to the general ledger Transactions for Joan Jett Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations. 1. Invested $42,000 cash in the business. 2. Purchased land costing $28,000 for cash . 3. Purchased equipment costing $18,000 for $4,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $1,200 for a one-year insurance policy. 6. Received $3,500 cash for services performed. 7. Received $4,000 for services previously performed on account. 8. Paid wages to employees for $2,800. 9. Petty withdrew $2,300 cash from the business. Required 1-journalized the above transactions 2-Post the cash account to the general ledger

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No Accounts Debit Credit Cash 42000 Owners Capital 4... View the full answer