Prepare the general ledger, t account for
Jan-1 The JW-Corp Received $120,000 from Investors in
Exchange for 6,000 shares of Common Stock.
Jan-2 JW-Corp Borrowed $150,000 from SCHWAB BANK and
signed a Note Due in 24 months.
Jan-3 JW Corp purchased Office Equipment worth $120,000
(5 year life), with a $40,000 Down payment of Cash and the
remainder Due on account to Target-Corp within 9
Months.
Jan-4 JW Corp purchased an Office Building for $420,000
(25 year life), by making...