Open a general journal form like the one in Exhibit 2-4, and label it Page 10. After
Question:
Open a general journal form like the one in Exhibit 2-4, and label it Page 10. After opening the form, record the following transactions in the journal:
Dec.14 Purchased equipment for $6,000, paying $2,000 as a cash down payment.
28 Paid $3,000 of the amount owed on the equipment.
Prepare three ledger account forms like the one shown in Exhibit 2-5. 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 $8,000 on the day prior to the first transaction.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
General Journal Post Date Description Ref Debit Credit 2011 Dec 1...View the full answer
Answered By
Rinki Devi
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
Hi there! Are you looking for a committed, reliable, and enthusiastic tutor? Well, teaching and learning are more of a second nature to me, having been raised by parents who are both teachers. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and helped them achieve great subject knowledge.
2+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
