Prepare a journal entry for the purchase of office equipment on October 27 for $3,000, paying $350 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.   Chart of Accounts     CHART OF ACCOUNTS   General Ledger   ASSETS 11 Cash 12 Accounts Receivable 13 Office Supplies 14 Prepaid Insurance 15 Land 16 Office Equipment 17 Automobiles   LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable   EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends   REVENUE 41 Fees Earned 42 Sales Commissions   EXPENSES 51 Advertising Expense 52 Automobile Expense 53 Insurance Expense 54 Rent Expense 55 Salary Expense 56 Supplies Expense 57 Utilities Expense 58 Miscellaneous Expense     Journal     Prepare a journal entry for the purchase of office equipment on October 27 for $3,000, paying $350 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1   JOURNAL ACCOUNTING EQUATION     DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1                 2                 3

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Prepare a journal entry for the purchase of office equipment on October 27 for $3,000, paying $350 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.
 
Chart of Accounts
 
 
CHART OF ACCOUNTS
 
General Ledger
  ASSETS
11 Cash
12 Accounts Receivable
13 Office Supplies
14 Prepaid Insurance
15 Land
16 Office Equipment
17 Automobiles
  LIABILITIES
21 Accounts Payable
22 Unearned Rent
23 Notes Payable
24 Salaries Payable
  EQUITY
31 Common Stock
32 Retained Earnings
33 Dividends
  REVENUE
41 Fees Earned
42 Sales Commissions
  EXPENSES
51 Advertising Expense
52 Automobile Expense
53 Insurance Expense
54 Rent Expense
55 Salary Expense
56 Supplies Expense
57 Utilities Expense
58 Miscellaneous Expense
 
 
Journal
 
 
Prepare a journal entry for the purchase of office equipment on October 27 for $3,000, paying $350 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
 
JOURNAL
ACCOUNTING EQUATION
 
  DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1
 
 
 
 
 
 
 
 
2
 
 
 
 
 
 
 
 
3
 
 
 
 
 
 
 
 
 
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