(Solution) - During the first month of operations Johnson Plumbing Inc co -(2025 Original AI-Free Solution)

Paper Details

During the first month of operations, Johnson Plumbing, Inc., completed the following transactions:

Requirements
1. Record each transaction in the journal. Key each transaction by date. Explanations are not required.
2. Post the transactions to the T-accounts, using transaction dates as posting references.
3. Prepare the trial balance of Johnson Plumbing, Inc., at March 31 of the current year.
4. The manager asks you how much in total resources the business has to work with, how much it owes, and whether March was profitable (and by howmuch).