how would this be posted to the general ledger.
dr.cash 19,000
dr.office equipment 6,000
cr. rich capital 25,000
To post this transaction to the general ledger, you would need to follow these steps:
1. Identify the accounts involved:
- Cash
- Office Equipment
- Rich Capital
2. Determine the impact on each account:
- Cash is being debited (increased) by $19,000.
- Office Equipment is being debited (increased) by $6,000.
- Rich Capital is being credited (decreased) by $25,000.
3. Prepare the journal entry:
The journal entry would look like this:
- Debit Cash $19,000
- Debit Office Equipment $6,000
- Credit Rich Capital $25,000
4. Post the journal entry to the general ledger:
- In the Cash account, you would add $19,000 to the previous balance (if any) to get the new balance.
- In the Office Equipment account, you would add $6,000 to the previous balance (if any) to get the new balance.
- In the Rich Capital account, you would subtract $25,000 from the previous balance (if any) to get the new balance.
Note: The general ledger is a central record that contains all the accounts of a company. Each account has a separate page in the ledger where all the relevant transactions are recorded and updated.
It is important to note that this explanation assumes you have a basic understanding of accounting principles and journal entries. The specific method of posting to the general ledger may vary depending on the accounting software or system being used.