Appendix E – Accounting with Special Journals
Problem E-2B (Continued)
General Ledger—continued
Store Equipment
Acct. No. 165
Date
Explanation
PR
Debit
Credit
Balance
July 9
P3
38,220
38,220
Accounts Payable
Acct. No. 201
Date
Explanation
PR
Debit
Credit
Balance
July 8
G3
250
(250)
24
G3
2,400
(2,650)
31
P3
63,590
60,940
31
D3
11,300
49,640
Long-Term Notes Payable
Acct. No. 251
Date
Explanation
PR
Debit
Credit
Balance
June 30
200,000
Common Stock
Acct. No. 307
Date
Explanation
PR
Debit
Credit
Balance
June 30
10,000
Retained Earnings
Acct. No. 318
Date
Explanation
PR
Debit
Credit
Balance
June 30
90,000
Sales Salaries Expense
Acct. No. 621
Date
Explanation
PR
Debit
Credit
Balance
July 15
D3
31,850
31,850
31
D3
31,850
63,700
Acct. No. 655
Date
Explanation
PR
Debit
Credit
Balance
July 3
D3
625
Date
Explanation
38,220
38,870
Date
Explanation
PR
Debit
Credit
Balance
July 17
P3
24
G3
2,400
