Transactions for Joan Jett Company for the Month of October

question 148

Essay

Transactions for Joan Jett Company for the month of October are presented below. Journalize each transaction and identify each transaction by number. You may omit journal explanations.
1. Invested $42000 cash in the business.
2. Purchased land costing $28000 for cash.
3. Purchased equipment costing $18000 for $4000 cash and the remainder on credit.
4. Purchased supplies on account for $800.
5. Paid $1200 for a one-year insurance policy.
6. Received $3500 cash for services performed.
7. Received $4000 for services previously performed on account.
8. Paid wages to employees for $2800.
9. Petty withdrew $2300 cash from the business.

---

Definitions:

15- To 16-Year-Old Girls

Adolescent females in the age range of fifteen to sixteen, often experiencing significant physical, emotional, and cognitive development.

Decline

A decrease or deterioration in condition, quality, or level, often observed over time and in various contexts, including health, economic performance, and environmental conditions.

Early Sexual Activity

Engagement in sexual behaviors at a younger-than-average age, which can have various social and health implications.

Predictor

An element or variable that can be used to forecast or anticipate the outcome or future trends of another variable or event.