Business
Business, 07.07.2020 14:01, 4Tris

BUSINESS TRANSACTIONS for the MONTH of January 2020. 1) Jan-1 The JW-Corp Received $120,000 from Investors in Exchange for 6,000 shares of Common Stock.
2) Jan-2 JW-Corp Borrowed $150,000 from SCHWAB BANK and signed a Note Due in 24 months.
3) 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.
4) Jan-4 JW Corp purchased an Office Building for $420,000 (25 year life), by making a Down payment of $60,000 and then signed a Note for the remainder Due in 18 Months to CHASE Bank.
5) Jan-5 JW Corp paid $15,000 with a check for Office Rent for the next 3 months.
6) Jan-10 JW Corp paid $4,000 with a check for Business Insurance for this month.
7) Jan-11 JW Corp provided CPA Services to the Gavilan Corp worth $138,000 and Collected $58,000 Cash and Billed them the remainder on Account.
8) Jan-15 JW-Corp received This Month’s Utility Bill from PGE for $2,000 to be paid Later.
9) Jan-16 JW-Corp received This Month’s Telephone Bill from Skype for $800 to be paid Later.
10) Jan-17 JW-Corp received a $10,000 check from Gavilan Corp on Account.
11) Jan-20 JW-Corp received a BILL for $12,000 for Legal Fees used this month to be Paid Later.
12) Jan-23 JW-Corp paid $11,000 with Checks for this Months Salaries expenses.
13) Jan-24 JW-Corp Received a $13,000 check from Gavilan Corp on Account.
14) Jan-25 JW-Corp received a $27,000 check from Garlic-Corp for Services to be Provided Later.
15) Jan-26 JW-Corp Paid Target $33,000 with a Check towards the Equipment from Transaction #3.
16) Jan-27 JW Corp Wrote a Check to Skype for the Full Amount Due on account for the Telephone Bill from #9.
17) Jan-28 JW Corp Paid $4.20 Cents per Share to the Owners of the Business with Checks.
18) Jan-29 JW-Corp paid $9,000 with a Check on the Note Payable from Transaction #2, $2,800 was for Interest Expense, and the remainder reduced the Note Payable.
19) Jan-31 JW-Corp recorded one Month of RENT Expense from the Prepaid Account.
20) Jan-31 JW-Corp recorded one Month of Depreciation Expense on The Office Equipment Using the Straight Line Depreciation Method.
21) Jan-31 The JW Corp recorded one Month of Depreciation Expense on the Office Building using the Straight Line Depreciation Method.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 08:20, Svetakotok
Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?
Answers: 2
image
Business, 22.06.2019 12:30, deedee363
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
image
Business, 23.06.2019 02:30, winterblanco
How is the role of government determined in the american free enterprise system?
Answers: 2
image
Business, 23.06.2019 03:20, hrijaymadathil
Milden company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. as an aid in planning, the company has decided to start using a contribution format income statement. to have data to prepare such a statement, the company has analyzed its expenses and has developed the following cost formulas: cost cost formula cost of good sold $35 per unit sold advertising expense $210,000 per quarter sales commissions 6% of sales shipping expense ? administrative salaries $145,000 per quarter insurance expense $9,000 per quarter depreciation expense $76,000 per quarter management has concluded that shipping expense is a mixed cost, containing both variable and fixed cost elements. units sold and the related shipping expense over the last eight quarters follow: quarter units sold shipping expense year 1: first 10,000 $ 119,000 second 16,000 $ 175,000 third 18,000 $ 190,000 fourth 15,000 $ 164,000 year 2: first 11,000 $ 130,000 second 17,000 $ 185,000 third 20,000 $ 210,000 fourth 13,000 $ 147,000 milden company’s president would like a cost formula derived for shipping expense so that a budgeted contribution format income statement can be prepared for the next quarter. required: 1. using the high-low method, estimate a cost formula for shipping expe
Answers: 2
Do you know the correct answer?
BUSINESS TRANSACTIONS for the MONTH of January 2020. 1) Jan-1 The JW-Corp Received $120,000 from In...

Questions in other subjects:

Konu
History, 04.03.2021 22:50
Konu
Mathematics, 04.03.2021 22:50
Konu
Mathematics, 04.03.2021 22:50
Konu
Mathematics, 04.03.2021 22:50