Prepare the necessary adjusting entries for Johnstone Controls at the end of its

Question

Prepare the necessary adjusting entries for Johnstone Controls at the end of its December 31, 2016, fiscal year-end for each of the above situations. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry Worksheet On March 31, 2016, the company lent $32,000 to another company. A A note was signed with principal and interest at 8% payable on March 31,2017. Transaction General Journal Debit Credit "Enter debits before credits

Explanation / Answer

Transaction Journal Debit Credit

2 Landlord account 22000

To rent account 22000.

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