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Analyze and record, in the form of T Accounts, Mr. James' transactions: Jan 1: Amount invested in the business $10,000 Jan 7: Bought equipment for
Analyze and record, in the form of T Accounts, Mr. James' transactions: Jan 1: Amount invested in the business $10,000 Jan 7: Bought equipment for $500 Jan 9: Bought office furniture with $2,000 cash Jan 10: Bought materials with $2,000 cash Jan 17: Sold part of equipment for $200 Jan 18: Bought computer on credit for $1,000 Jan 19: Purchased office stationary for $100 Jan 25: Paid $700 cash toward computer purchased on credit Guidelines for the assignment: Identify the account Classify the account Identify (Debit or credit i.e. left side or right side) the appropriate side to record Make an entry under the appropriate side
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