15-4 Use of T-Accounts Study Appendix 15B. The Tennis Club had the following transactions during June: a. Sold an old computer for $175 cash and a promise to pay $250 in one month. The balance sheet value of the computer was $425 b. Collected $550 of dues in cash that had been billed in May. c. Bought a postage meter on credit for $190. d. Received the $225 promised in transaction a. 1. Set up T-accounts for the following accounts: a. Cash b. Dues Receivable C. Accounts Receivable d. Equipment e. Accounts Payable 2. Make entries for each of the four transactions into the T-accounts. Label each entry a, b, c, and d.