Analyze the following transaction using the T account approach. Place the dollar amount on the debit and credit sides.
After all transaction have been recorded, foot the accounts where necessary and enter the balance in the proper place.
1. Owner invested $18,000 in a business.
2. Owner invested a truck worth $8,000 into the business.
3. Cash received for services rendered for the month was $9,300.
4. Received a bill for $150 for repairs.
5. Purchased a piece of equipment worth $1,600, making a down payment of $250, remaining to be paid in future.
6. Owner withdrew $1,500 from the company.