Record the January transactions in a cash payments journal and a two-column general journal.

Post the journals to the general ledger.

General Ledger Account Number 101 112 115 120 126 130 157 158 201 301 January 1 Opening Balance Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip Accounts Payable Owner's Capital $33,250 12,400 40,000 16,500 1,300 2,500 8,250 1,600 33,500 79,100