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Sept. 1 Invested $10,000 cash in the business. 5 Purchased equipment for $13,000 paying $4,500 in cash and the balance on account 25 Paid $2,200
Sept. 1 Invested $10,000 cash in the business. 5 Purchased equipment for $13,000 paying $4,500 in cash and the balance on account 25 Paid $2,200 cash on balance owed for equipment. 30 Withdrew $B00 cash for personal use. Burke's chart of accounts shows: No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's D Your answer is correct. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Recor Date Account Titles and Explanation Sept.1? Owner's Capital Accounts Payable Sept. 25 Sept. 30 ? LINK TO TEXT ? (b) Post the transactions using the standard account form. (Post the entries into ledger in the order presented in the previous part.) No. 101 Date Explanation Ref Debit J1 JI No. 157 Date Explanation Ref Debit Accounts Payable No. 201 Date Explanation Ref Debit JI Owner's Capital No. 301 Date Explanation Ref Debit JI No. 306 Date Explanation Ref Debit JI
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