Need help posting information into a General journal

Accounting
Tutor: None Selected Time limit: 1 Day

I need help to post information into a general journal with Account titles and Description, Debit and Credit. problem is Sousa reality invested $12,000 into their business and $5,000 worth of office equipment.  Do i do these separate, and what accounts and descriptions?

Oct 17th, 2015

Thank you for the opportunity to help you with your question!

The 12,000 is both cash (asset on balance sheet) and equity (Shareholders equity, on balance sheet). 

The 5,000 is office equipment (an asset) and because it is so high in value, it is something we have to depreciate.

For the 12,000:

Debit: Cash 12000

Credit: Shareholders Equity 12000

For the equipment purchase:

Debit: Office Equipment 5000

Credit: Cash 5000

Please let me know if you need any clarification. I'm always happy to answer your questions.
Oct 17th, 2015

Yup :)

Oct 17th, 2015

what would i put under the office ewquiptment?

Oct 17th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Oct 17th, 2015
...
Oct 17th, 2015
Dec 10th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer