Questions: Purchased equipment for 11,000 in cash. Note: Enter debits before credits.

To record the purchase of equipment for $11,000 in cash in the general journal, you need to make a journal entry that reflects the increase in equipment (an asset) and the decrease in cash (another asset). According to accounting principles, when you purchase equipment, you are increasing your assets, and when you pay cash, you are decreasing your cash assets.

Here's how you would record this transaction:

1. Debit the Equipment account: This reflects the increase in assets due to the purchase of equipment.
2. Credit the Cash account: This reflects the decrease in assets because cash is being used to pay for the equipment.

The journal entry would look like this:

\[ \begin{array}{|c|l|l|l|} \hline \text{Transaction} & \text{General Journal} & \text{Debit} & \text{Credit} \\ \hline \text{f.} & \text{Equipment} & \$11,000 & \\ \hline & \text{Cash} & & \$11,000 \\ \hline \end{array} \]

Explanation:

• Equipment (Debit $11,000): The equipment account is debited because the company is acquiring a new asset, which increases the total assets on the balance sheet.
• Cash (Credit $11,000): The cash account is credited because the company is using cash to pay for the equipment, which decreases the cash balance.

This entry ensures that the accounting equation (Assets = Liabilities + Equity) remains balanced, as one asset (equipment) increases while another asset (cash) decreases by the same amount.