1) We purchased $1600 of equipment 2) We sold $5000 of product half on account half for cash. ( 3 accounts) involved) 3) The customers who paid on account for transaction 2 paid back their debt. 1) We purchased $1600 of equipment 2) We sold $5000 of product half on account half for cash. ( 3 accounts) involved) 3) The customers who paid on account for transaction 2 paid back their debt