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Post the following transactions to the ledger of Rosemary Company. The partial chart of accounts...

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Question

Finance

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

111 Cash

121 Equipment

211 Accounts Payable

311 Rosemary Vopp, Capital

GENERAL JOURNAL PAGE 1

Date

Acct. Titles and Description

PR

Debit

Credit

April

1

Cash

50,000

Rosemary Vopp, Capital

50,000

Cash investment

April

5

Equipment

7,000

Cash

4,000

Accounts Payable

3,000

Purchased equipment

Cash Account 111

Date

Explanation

PR

Debit

Credit

Dr/Cr

Balance

Equipment Account 121

Date

Explanation

PR

Debit

Credit

Dr/Cr

Balance

Accounts Payable Account 211

Date

Explanation

PR

Debit

Credit

Dr/Cr

Balance

Roesemary Vopp, Capital Account 311

Date

Explanation

PR

Debit

Credit

Dr/Cr

Balance

Answer & Explanation Solved by verified expert
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