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Chapter 3 The following transactions apply to Matt's Computer Service for the year 2016 1) Issued stock to investors for $45,000 cash. 2) Purchased land

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Chapter 3 The following transactions apply to Matt's Computer Service for the year 2016 1) Issued stock to investors for $45,000 cash. 2) Purchased land for $36,000 cash. 3) Performed services on account for $51,000. 4) Collected $33,600 on accounts receivable. 5) Paid operating expenses of $19,500. Required: Draw T-accounts and post the above transactions to the appropriate T-accounts

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