General journal recording
Open a general ledger form like the one in exhibit 4, and label it page 10. After openeing the form record the following transactions in a journal:
Dec 14 purchased equipment for 12,000, paying 4,000 as a cash down payment.
Dec 28 Paid 6,000 of the amount owed on equipment
Prepare three ledger account forms like the one shown in exhibit 5.use the following account numbers. Cash 111;equipment 144;and accounts payable 212. Then post the two tranasctions from the general gerneral to ledger accounts being sure to make the proper posting references. Assume that the cash has a debit balance of 16,000 on the day prior to the transaction