Problem 2-4A (90 minutes) Part 1 101 60,000 163 301 Cash Office Equipment 25,000 85,000 H. Venedict, Capital Owner invested cash and equipment. Land 172 40,000 Building 170 160,000 Cash 101 30,000 170,000 Notes Payable Purchased land and building with cash and 250 note payable 108 2,000 Office Supplies Accounts Payable Purchased office supplies on 201 2,000 account. Automobiles 164 16,500 H. Venedict, Capital 301 16,500 Owner contributed automobile to business Office Equipment 163 5,600 Accounts Payable 201 5,600 Purchased office equipment on account. Problem 2-4A (90 minutes) Part 1 101 60,000 163 301 Cash Office Equipment 25,000 85,000 H. Venedict, Capital Owner invested cash and equipment. Land 172 40,000 Building 170 160,000 Cash 101 30,000 170,000 Notes Payable Purchased land and building with cash and 250 note payable 108 2,000 Office Supplies Accounts Payable Purchased office supplies on 201 2,000 account. Automobiles 164 16,500 H. Venedict, Capital 301 16,500 Owner contributed automobile to business Office Equipment 163 5,600 Accounts Payable 201 5,600 Purchased office equipment on account