1. Problem: 2.3
1.
Balance B/F
Principles of Accounting – I
Journal General Ledgers
1. Office Equipment
Debit $
2,700
Balance C/F
2,700
2,700
Pg No: 73
Credit $
2.700
2,700
2. Cash
2.
4.
6.
Debit $
4,000
10,000
20,000
Balance B/F
34,000
13,100
Balance C/F
1.
3.
5.
Balance C/F
3. Account receivable
Debit $
4,000
2.
4,000
Balance B/F
Credit $
2,700
3,200
15,000
13,100
34,000
Credit $
4,000
4,000
4,000
4. Account payable
3.
Balance B/F
Debit $
3,200
3,200
3,200
Balance C/F
Credit $
3,200
3,200
5. Note Payable
Balance C/F
Debit $
25,500
4.
25,500
Balance B/F
Credit $
10,000
15,500
25,500
25,500
6. Trucks
5.
Balance B/F
Debit $
30,500
30,500
30,500
Balance C/F
Credit $
30,500
30,500

2. Problem: 2.3
Principles of Accounting – I
Pg No: 73
7. Capital
Balance C/F
Debit $
20,000
20,000
6.
Balance B/F
Credit $
20,000
20,000
20,000