Using t accounts to record transactions

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Reference no: EM1363986

Use T accounts to record transactions involving assets, liabilites and owners equity for the following:

1. James walker made an additional investment of $16000 in cash.

2. A firm purchased equipment for $9000 in cash

3. A firm sold some surplus office furniture for $1200 in cash

4. A firm purchased a computer for $2700 to be paid in 60 days

5. A firm purchased office equipment for $10200 on credit. the amount is due 60 day

6. Carol rose, owner of rose travel agency withdrew $5000 of her original cash investment.

7. A firm bought a delivery truck for $32000 on credit, payment is due 90 days

8. A firm issued a check for $2500 to a supplier in partial payment of an open account balance.

Reference no: EM1363986

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