Open a general journal form like the one in Exhibit 2-4, and label it Page 10. After

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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.


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Principles Of Financial Accounting

ISBN: 9780538755160

11th Edition

Authors: Belverd E Needles, Marian Powers

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