Fifth Investments, Inc., began by issuing common stock for cash of $260,000. The company immediately purchased computer equipment on account for $116,000. 1. The following T-accounts of Fifth Investments, Inc. have been opened for you: Cash, Computer Equipment, Accounts Payable, and Common Stock. Record the first two transactions of the business directly in the T-accounts without using a journal. 2. Show that total debits equal total credits. 1. The following T-accounts of Fifth Investments, Inc. have been opened for you: Cash, Computer Equipment, Accounts Payable, and Common Stock. Record the first two transactions of the business directly in the T-accounts without using a journal. Cash Computer Equipment Accounts Payable Common Stock