Journalizing, Posting and Preparing a Trial Balance (notes).pdf

Journalizing, Posting and Preparing a Trial Balance (notes).pdf

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Journalizing, Posting, and Preparing a Trial Balance Post the following transactions to the T-accounts: 1. Sold capital stock to owners for $35,000. 2. Bought 3 computer systems on credit for $9,500 (30-day open account). 3. Obtained a loan from Capital Bank in the amount of $20,000. Signed a note payable. 4. Paid the $28,250 account payable. 5. Paid salaries for $3,000. 6. Provided service to a customer, received cash of $1,000 General Journal Date Description Debit Credit 1 Cash 35,000 Capital Stock 35,000 Issued Capital Stock 2 Office Equipment 28,250
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