Open a general journal form like the one in Exhibit 8, and label it Page 10. Then
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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.
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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