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Post the following transactions to the ledger of Jason Company. The partial chart of acco

Post the following transactions to the ledger of Jason Company. The partial chart of acco

 Post the following transactions to the ledger of Jason Company. The partial chart of accounts of Jason Company is as follows:

111 Cash

121 Equipment

211 Accounts Payable

311 Jason, Capital

GENERAL JOURNAL PAGE 1

Date

 

Acct. Titles and Description

PR

Debit

Credit

April

1

Cash

 

14,000

 

 

 

      Jason, Capital

 

 

14,000

 

 

          Cash investment

 

 

 

 

 

 

 

 

 

April

5

Equipment

 

3,000

 

 

 

      Cash

 

 

1,000

 

 

      Accounts Payable

 

 

2,000

 

 

           Purchased equipment

 

 

 

 

CashAccount 111

Date

 

Explanation

PR

Debit

Credit

Dr/Cr

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EquipmentAccount 121

Date

 

Explanation

PR

Debit

Credit

Dr/Cr

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts PayableAccount 211

Date

 

Explanation

PR

Debit

Credit

Dr/Cr

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Jason, CapitalAccount 311

Date

 

Explanation

PR

Debit

Credit

Dr/Cr

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27) Karen Brown, a student in your class, is not sure the effect of the following unrelated situations would have on the accuracy of the financial statements. Identify the account(s) that are affected and if the trial balance would balance.

(a) Equipment was purchased for $1,500 cash. The debit was recorded properly, but the credit was omitted.

(b) A debit to cash for $69 was posted as $96; the credit was posted correctly.

(c) A purchase of supplies on account for $300 was posted as a debit to equipment and a credit to cash.

Tripti 06-Dec-2019

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