NERAL JOURNAL Post Date Account and Explanation Debit Credit Ref. Jun 1 Cash 104,000 Jun 1 Capital 104,000 (capital contribution) Jun 1 Computer Equipment Jun 1 Cash (cash purchase of equipment) Jun 1 Cash Jun 1 Bank Loan Payable (received cash loan) Jun 1 Prepaid Rent Jun 1 Cash (paid for prepaid expense) Jun 3 Office Supplies Jun 3 Jun P Accounts Payable (credit purchase of office supplies) 3 Telephone Expense Cash 60,000 60,000 174,000 174,000 10,200 10,200 3,700 3,700 200 200 DELL