B C D E F G 1. Cash in the amount of $10,000 is invested in Link Corp in exchange for Common Stock (example). Accounts Cash Common Stock Debit Credit $10,000 $10,000 1 Explanation: To record investment in Common Stock by investors. 2 3 4 2. Link Corp pays $5,000 cash for equipment. 15 16 Accounts 17 18 Debit Credit 3. Link Corp buys equipment for $10,000. It pays cash in the amount of $2,000 and the rest is on account. 19 20 Explanation: 21 22 23 24 25 Accounts 26 27 28 29 Explanation: 30 31 32 33 34 Accounts 35 36 37 Debit Credit 4. Link Corp receives $7,500 in cash and in exchange signs a note payable to a bank. 38 Explanation: 39 40 23 Debit Credit .