Problem: 2.3 Principles of Accounting – I Pg No: 73

Journal General Ledgers1. Office Equipment

Debit $ Credit $1. 2,700 Balance C/F 2.700

2,700 2,700Balance B/F 2,700

2. CashDebit $ Credit $

2. 4,000 1. 2,7004. 10,000 3. 3,2006. 20,000 5. 15,000

Balance C/F 13,10034,000 34,000

Balance B/F 13,100

3. Account receivableDebit $ Credit $

Balance C/F 4,000 2. 4,0004,000 4,000

Balance B/F 4,000

4. Account payableDebit $ Credit $

3. 3,200 Balance C/F 3,2003,200 3,200

Balance B/F 3,200

5. Note PayableDebit $ Credit $

Balance C/F 25,500 4. 10,00015,500

25,500 25,500Balance B/F 25,500

Problem: 2.3 Principles of Accounting – I Pg No: 73

6. TrucksDebit $ Credit $

5. 30,500 Balance C/F 30,50030,500 30,500

Balance B/F 30,500

7. CapitalDebit $ Credit $

Balance C/F 20,000 6. 20,00020,000 20,000

Balance B/F 20,000