301 JAMES CAPITAL 90.000 Alene's Fashion (Debit Cash, credit the capital account) 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 3. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 24 5 6 7 6 9 10 11 12 13 14 15 16 17 18 19 4. On 1/10/15, Arlene paid rent expense in the amount of $2,500 S. On 1/13/15, Arlene sold merchandise for $15,000 on account. The cost of the merchandise soll was $7,500 6. On 1/15/15, Arlene pard the secretary's salary, in the amount of $1,500, in cash 7. On 1/20/15, Arlene paid cash to creditors on account, $3,000 8. On 1/23/15, Arlene received cash from credit customers, $4.500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 21 22 21 24 25 25 27 28 29 30 31 32 33 34 35 36 32 35 39 40 10./31Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month's depreciation = 5500 Checking JOURNAL balance Total Debits = 90000 Total Credits - 90000 Your Journal balances! 42 4 44 45 45 47 43 49 50 51 Debits Credits? VES 301 JAMES CAPITAL 90.000 Alene's Fashions (Debit Cash, credit the capital account) 2. On January 5, Arlene purchased Equipment in the amount of $24,000. A total of $5,000 was paid in cash, the rest is on account 2. On 1/8/2015, Arlene purchased inventory in the amount of $12,000 on account 4. On 1/10/15, Arlene paid rent expense in the amount of $2,500 5. On 1/13/15, Arlene sold merchandise for $15,000 on account. The cost of the merchandise soll was $7,500 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 21 2 25 25 27 28 29 30 31 32 31 34 35 36 32 35 39 40 41 42 6. On 1/15/15, Arlene paid the secretary's salary, in the amount of $1.500, in cash 7. On 1/20/15, Arlene paid cash to creditors on account, $3,000 8. On 1/23/15, Arlene received cash from credit customers, 54,500 9. On 1/30/15, Arlene withdrew cash in the amount of $1,900 10. 131. Recorded depreciation on the equipment. The life of the equip mentis 4 years (48) months. One month's depreciation = 5500 Checking JOURNAL balance Total Debits = 90000 Total Credits - 90000 Your Journal balances! 44 45 45 47 43 49 50 51 Debits Credits? VES