Open a general journal form like the one in Exhibit 8, and label it Page 10. Then record the following transactions in the journal:

Dec. 14 Purchased equipment for $12,000, paying $4,000 as a cash down payment. 28 Paid $6,000 of the amount owed on the equipment.
Prepare three ledger account forms like the one shown in Exhibit 9.

Use the following account numbers: Cash, 111; Office Equipment, 146; and Accounts Payable, 212. Then post the two transactions from the general journal to the ledger accounts, being sure to make proper posting references. Assume that the Cash account has a debit balance of $16,000 on the day prior to the firsttransaction.

  • CreatedMarch 26, 2014
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