Required:

1. Journalize all entries

JOURNALIZE THE FOLLOWING TRANSACTIONS 1. INVESTED $20,000 INTO JHJ SHOESTORE 2. Purchased $4,000 in SUPPLIES on account k3. PURCHASED 3,000 SHOES AT S50 EACH 4. PURCHASED 2,000 SHOES AT S60EACH 5. RECEIVED $5,000 IN ADVANCE FOR FUTURE SHOE SALES from 50 customers 6. PURCHASED $50,000 IN EQUIPMENT WITH A 10-year LIFE, PAYING $15,000 IN CASH AND PLACED THE REMAINING BALANCE ON A NOTIE 7. CASH SALES OF 1,500 SHOES AT $100 EACH 8. Sales on account, 2,000 pairs of shoes at $100.00 each 9. JOURNALIZE ADJUSTING ENTRY FOR EQUIPMENT DEPRECIATION DECLINING BALANCE METHOD 10. ENDING SUPPLIES $1,000; make adjusting entry 11. PAID $2,000 IN DIVIDENDS 12. Collections on sales on account $150,000 13. Payment on account payable $3,000 14. Payment on note payable, $2,000 interest and $3,000 principal