Journalize each of the following transactions effected by Joan Jett Company during the month of...
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Accounting
Journalize each of the following transactions effected by Joan Jett Company during the month of October. Oct. 1. Joan invested $42,000 cash in the business 2. Joan Jett Company purchased land costing $28,000 for cash 3. Joan Jett Company purchased equipment costing $18,000 for $4,000 cash and the remainder on credit. 4. Joan Jett Company purchased supplies on account for $800 5. Joan Jett Company paid $1,200 for a one-year insurance policy 6. Joan Jett Company performed $7,500 of services. Its client paid $3,500 cash and agreed to pay the remainder on Oct. 17th 17. Joan Jett Company received $4,000 for services previously performed on account 18. Joan Jett Company paid wages to employees for $2,800 29. Joan withdrew $2,300 cash from the business Based upon the adjusted trial balance of Personal Financial Planners for the month ending December 31, 2018, prepare 1. 2. an income statement an owner's equity statement and 3. a balance sheet Personal Financial Planners Adjusted Trial Balance December 31, 2018 Debit Credit $ 4,900 2,300 1,800 14,000 Cash... Supplies $ 3,000 3,300 6,000 14,600 Accounts Payable Unearned Service Revenue 2,500 4,500 Supplies Expense. Depreciation Expense 700 2,700 2,500 31,400 $31.400
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