The general ledger of the Coski Personnel Service includes con- P.O. 2,4,5 trolling accounts for Office Equipment and Accumulated Depreciation, Office Equipment. Coski’s accountant also records the details of each item of office equipment in a subsidiary ledger. During a three-year period, the following trans¬

actions affecting office equipment took place:

Instructions 1. Record the transactions in general journal form, page 136.
2. Each time Coski buys a new asset, open an account in the subsidiary ledger.
3. After each entry, post to the two controlling accounts and to the subsidiary ledger.
4. Make a list of the balances in the subsidiary ledger accounts at the end of year 3 and compare the totals with the balances of the two controlling accounts.
Problem Set B

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Year 1 Jan. 5 Bought the following from Abingdon, Inc., for cash: Filing cabinet, $240, account no. 123-1, expected life fifteen years, trade-in value zero. Executive desk, $960, account no. 123-2, expected life twelve years, trade-in value zero. Executive chair, $360, account no. 123-3, expected life twelve years, trade-in value zero. (The above assets will be depreciated using the straight-line method.) 7 Paid Butler and Robbins $1,280 for a custom-made counter, account no. 123-4, expected life ten years, trade-in value zero; straight-line method.