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Date Accounts and Explanation Debit Credit Cash Nov. 2 Land 5,000 Cash 5,000 Paid cash for land. Date Accounts and Explanation Debit Credit Nov. 6
Date Accounts and Explanation Debit Credit Cash Nov. 2 Land 5,000 Cash 5,000 Paid cash for land. Date Accounts and Explanation Debit Credit Nov. 6 Office Furniture 38,900 Accounts Payable 38,900 Purchased office furniture on account Date Accounts and Explanation Debit Credit Nov. 8 Accounts Payable 100 Cash 100 Paid cash on account Date Accounts and Explanation Debit Credit Nov. 12 Furniture 2,100 Common Stock 2,100 Owner contribution of furniture in exchange for common stock Date Accounts and Explanation Debit Credit Nov. 13 Building 34,600 Notes Payable 34,600 Purchase of building with note. 2 N Post the transaction to the four-column ledger account and complete the journal entry. Journal Page 1 Date Accounts and Explanation Post. Ref. Debit Credit 2016 Nov. 1 Cash 30,000 Common Stock 30.000 Stockholder contribution 12 sh Account No. 101 Balance Date Item Post. Ref. Debit Credit Debit Credit 2016 ommon Stock Account No. 301 Balance Date Item Post. Ref. Debit Credit Debit Credit 2016 Cash Cash Account 01 Nov. 1 Balance 40,000 8,900 Nov. 2 Date Item Post. Ref. Debit Credit Debit Credit Nov. 8 17,000 5,300 Nov. 15 2016 Nov. 22 28,400 5,800 Nov. 21 J1 Dec. 21 14,700 11,400 Nov. 25 J1 Dec. 28 13,600 4,900 Dec. 1 11 2,200 Dec. 3 J1 6,200 Dec. 15 J1 Bal. 69,000 J1 J1 J1 J1 J1 J1 J1
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