Post the journal entries in Figure 331 to the ledger of Kram

Post the journal entries in Figure 3.31 to the ledger of Kramer Company. The partial ledger of Kramer Company is Cash, 111; Equipment, 121; Accounts Payable, 211; and A. Kramer, Capital, 311. Please use four- column accounts in the posting process. 3A-3. LO2 (10 min FIGURE 3.31 Journal Entries Page 4 Date PR Dr Cr. 201X Feb. 6 Cash 120000 A. Kramer, Capital Cash investment 12 000 00 14 Equipment 800000 Cash Accounts Payable Purchase of equipment LO ut From thr follwin transactions for as Company for the month of May

Solution

Ledger Cash account no 111 Date Explanation p.r Debit credit balance 6-Feb A,Karmer capital 12,000 12,000 14-Feb Equipment 5,000 7,000 Equipment account no 121 Date Explanation p.r Debit credit balance 14-Feb Cash 5,000 5,000 14-Feb Accounts payable 3,000 8,000 Accounts payable account no 211 Date Explanation p.r Debit credit balance 14-Feb Equpment 3,000 3,000 A.Karmer ,Capital account no 311 Date Explanation p.r Debit credit balance 6-Feb cash 12,000 12,000