111 eBook Print Item Foot and Balance T Accounts Linda Kipp started a business on May 1, 20--. Transactions for the first month of business have been analyzed using T accounts. a. Invested cash in the business, $5,000. b. Bought equipment for cash, $700. c. Bought equipment on account, $600. d. Paid cash on account for equipment purchased in transaction (c), $400. e. Withdrew cash for personal use, $900. Foot and balance the T accounts. a. < Bal. Cash 5,000 b. 700 d. 400 e. 900 b. C. Bal. Equipment 700 600 Accounts Payable