Posted May 272018 741 AM Today is the first day of week two

Posted May 27.2018 741 AM Today is the first day of week two for the accounting cycle project, Here ane instructor provided joural rs 1&2You should record these as if they occurred soday e Today you paid $11,000 for computer equipmentt has a 304 ke ith 600 residual alue You ue straight ine depreciation Label this Given1 in the journal entry number Today you purc account for $3,000 Labei this \"Given2 in the journal entry

Solution

Debit Credit 1 Computer equipment 11000                  Cash 11000 2 Inventory 3000             Accounts payable 3000