Cartoon www 2. W 10. 1 year P F429 C100 please show corresponding nukber for each journal entry. balance sheet, income statement, statement of retained earnings 1 Josephino Company was created on 1/1/2018. On that date it executed the first five 2 transactions listed below. The other transactions took place between January 1 3 and March 31 2018. Prepare Josephine's first-quarter Income statement, statement of retained earnings, and balance sheet 3 4 1 Issued $20,000 of common stock to shareholders in our new business venture. 2 Borrowed $10,000 from a bank, and agreed to repay this amount plus $1,000 interest on 1/1/2019. Bought a building for $4,000 (it will last 40 years). Bought 6 months worth of insurance for $1,200. Bought equipment for $8,000 (it will last 4 years). Bought inventory on account for $1,200. Paid electricity bill for $200. Sold $300 of inventory for $1100 on account Paid $400 for the inventory that we had purchased on account. 10 Collected $600 of what our customers owed us. 5 6 7 8 9 Balance Sheet Income Statement Statement of Retained Earnings Cartoon www 2. W 10. 1 year P F429 C100 please show corresponding nukber for each journal entry. balance sheet, income statement, statement of retained earnings 1 Josephino Company was created on 1/1/2018. On that date it executed the first five 2 transactions listed below. The other transactions took place between January 1 3 and March 31 2018. Prepare Josephine's first-quarter Income statement, statement of retained earnings, and balance sheet 3 4 1 Issued $20,000 of common stock to shareholders in our new business venture. 2 Borrowed $10,000 from a bank, and agreed to repay this amount plus $1,000 interest on 1/1/2019. Bought a building for $4,000 (it will last 40 years). Bought 6 months worth of insurance for $1,200. Bought equipment for $8,000 (it will last 4 years). Bought inventory on account for $1,200. Paid electricity bill for $200. Sold $300 of inventory for $1100 on account Paid $400 for the inventory that we had purchased on account. 10 Collected $600 of what our customers owed us. 5 6 7 8 9 Balance Sheet Income Statement Statement of Retained Earnings