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Use the Following Information to Answer the Questions Below (Please Show your WORK !.!) A. On Sept 1 Our Business Received a $100,000 check from
Use the Following Information to Answer the Questions Below (Please Show your WORK !.!) A. On Sept 1 Our Business Received a $100,000 check from Investors Exchange for Stock in the JW-Corp. B. On Sept 2 Our Business Purchased a TRUCK for $60,000 by paying $10,000 Cash Down Payment and signing a Note for the Remaining Balance. The Truck has a 5 year life. C. On Sept 3 Our Business received a $20,000 Check from the MoHill Corp. for Services to be provided later. D. On Sept 4 Our Business paid $9,900 with check for RENT for the next 3 months E. On Sept 15 Our Business recorded Employee Salaries in the Amount of $12,000 and paid $6,000 now in Cash and the remainder will be paid Later. F. On Sept 18 Our Business Provided Services to NINER Corp worth $40,000. We received a Check for $22,000 and Billed the Customer the remainder on Account. G. On Sept 22 Our Business Provided Services to MoHill Corp worth $55,000. We received a Check for $11,000, Used the Previous Deposit from the customer and B Ifled the remainder on Account H. On Sept 28 Our Business Paid the Owners $7,000 with Checks. I. On Sept 30 Our Business made an adjusting entry to record one month of Depreciation on the TRUCK J. On Sept 30 Our Business made an adjusting entry to record one month of RENT used during the month. K. On Sept 30 Our Business made an adjusting entry to record Income Tax Payable based on 40% Tax Rate
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