Question
Journalize the following 2 transactions. Omit explanations. Prepare the entire entry. For the post reference column in the General Journal, fill in only the space
Journalize the following 2 transactions. Omit explanations. Prepare the entire entry. For the post reference column in the General Journal, fill in only the space for the part of the entry that involves the cash account. Ignore the PR column for all non-cash accounts
Post any debits and/or credits that effect cash to the general ledger Cash account.
Sept 1, 2016: Darius Rucker started a business by investing $10,000 cash and a car worth $15,000. There is a $6,000 note payable on the car for the amount still owed. The business will assume the liability to pay off the remaining balance owed on the car.
Sept 2, 2016: Darius Rucker paid $500 for this months rent.
General Journal
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| Page 1 |
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| 2016 | Account Titles and Explanation | PR | Debit | Credit |
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General Ledger
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| CASH |
| Account | No. 101 |
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| 2016 | Explanation | PR | Debit | Credit | Balance |
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