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1.Transaction 1. Hunter Thompson, an owner, made an additional investment of $24,000 in cash. Transaction 2. A firm purchased equipment for $8,400 in cash. Transaction

1.Transaction 1. Hunter Thompson, an owner, made an additional investment of $24,000 in cash.

Transaction 2. A firm purchased equipment for $8,400 in cash.

Transaction 3. A firm sold some surplus office furniture for $2,000 in cash.
Transaction 4. A firm purchased a computer for $2,100, to be paid in 60 days.
Transaction 5. A firm purchased office equipment for $9,600 on credit. The amount is due in 60 days.

Transaction 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,400 of her original cash investment.

Transaction 7. A firm bought a delivery truck for $40,000 on credit; payment is due in 90 days.

Transaction 8. A firm issued a check for $1,900 to a supplier in partial payment of an open account balance.

How to solve:

The following transactions occurred at several different businesses and are not related.

Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account.)

image text in transcribedPlease use a chart like this so I can understand how it was solved.

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