On January 1, xL, Woo Jang-choon Inc. (W]C) began operations selling $150,000 worth of shares to investors and signing a $10,000

promissory note to a bank. On that same day, W]C Inc. used some of this capital to buy equipment worth $82,000, which has a useful life of 6 years and a salvage value of $10,000. W|C also purchased $800 worth of supplies and prepaid for 1 ycar's worth of an online network server, which costs $3,600 on 1-lan.

Fullisisle which costs 5.3,600 an 11an. 1. Fhase recond the appiropriate josmal entry(ies) oe jamiary 1 , xi. Eneure each coonomic coent roceives its own joumal entry. 2. IFease record the appropriate journal entry(ies) on January I4, x1. Fullisisle which costs 5.3,600 an 11an. 1. Fhase recond the appiropriate josmal entry(ies) oe jamiary 1 , xi. Eneure each coonomic coent roceives its own joumal entry. 2. IFease record the appropriate journal entry(ies) on January I4, x1