1) Jan 1 The JW-Corp authorized 1,000,000 shares of $1 par value stock. 

2) Jan 1 The JW-Corp Issued 60,000 shares of Common stock for $10 each. 

3) Jan 1 The JW-Corp Issued 800 bonds for $1,000 each. 

a) Face Value of $1,000, Due in Ten Years at 6% Interest Payable every Dec 31st) 

4) Jan 5 The JW-Corp Bought 400 Bikes for $70 each, with a check. 

5) Jan 10 The JW-Corp Bought 400 Bikes for $90 each, on account. 

6) Jan 15 The JW-Corp paid January Rent in the Amount of $15,000 with a Check. 

7) Jan 20 The JW-Corp Sold 600 Bikes to the Gilroy Bike Shop for $200 each, with $50,000 Cash Now and the remainder on account. FYI The JW-Corp uses a Perpetual FIFO Inventory system 

8) Jan 24 The JW-Corp paid Jan Salaries of $11,000 with checks. 

9) Jan 25 The JW-Corp Bought Back 4,000 shares of Common stock for $6 each 

10) Jan 31 The JW-Corp Recorded One month of Interest Payable on the Bonds 

11) Jan 31 the JW-Corp Paid Dividends of $.50 Cents per share to All Outstanding Shareholders. 

50) Compute the Gross Profit for the Month =___________________________________________________________ 

51) Compute the Net Income for the Month =___________________________________________________________ 

52) Compute the Ending Retained Earnings Balance=___________________________________________________ 

53) Compute The Ending Cash Balance =_____________________________________________________________ 

54) Compute The Ending Inventory Dollar Balance =________________________________________________________ 

55) Compute the Number of Common Stock Shares Issued as of Month End =____________________________________ 

56) Compute the Number of Common Stock Shares Outstanding as of Month End = ________________________________ 

57) Compute the Ending Total Assets Amount = ___________________________________________________________ 

58) Compute the Ending Total Liabilities Amount = __________________________________________________________ 

59) Compute the Ending Total Owners Equity Amount = ______________________________________________________ 

60) Compute the Ending Total Liabilities and Owners Equity Amount