Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. April 12 Clark Company receives and pays a bill for...

Extracted text: Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. April 12 Clark Company receives and pays a bill for a two-year insurance policy premium, $3,800. The policy begins on May 1. Clark Company purchases equipment costing $5,600, paying 40% down and the rest on account. November 27