Exercise 2 Instructions:

Record the following selected transactions for April in the general ledger, identifying each entry by letter:

(a) Received $18,000 from Katie Long, owner.

b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable for the remainder.

c) Paid $2,300 for rent for April.

(d) Purchased $1,500 of supplies on account.

(e) Recorded $9,800 of fees earned on account.

(f) Received $7,500 in cash for fees earned.

(g) Paid $1,200 to creditors on account.

(h) Paid wages of $3,425.

(i) Received $7,900 from customers on account.

(j) Recorded owner's withdrawal of $1,875.