Case Study 1 1
Case Study 1 (Part A)
(Learning Objectives 4, 5, 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operations, Johnson Plumbing, Inc., completed the following transactions:
Johnson received $35,000 cash and issued common stock to the stockholders.
Purchased supplies, $200, and equipment, $3,200, on account.
Performed services for a client and received...
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