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For each of the below events, perform transaction analysis, prepare journal entries and prepare T- accounts. 1. Receives and pays for a $15,000 truck and
For each of the below events, perform transaction analysis, prepare journal entries and prepare T- accounts. 1. Receives and pays for a $15,000 truck and $5,000 of equipment. Transaction Analysis Assets Liabilities + Stockholders' Equity Journal Entry Relevant T-Accounts (mention debit and credit) Enter Account Name Enter Account Name Enter Account Name 2. Purchases $300 of supplies on account Transaction Analysis Pg 1 Assets I Journal Entry Liabilities + Stockholders' Equity' Relevant T-Accounts (mention debit and credit) Enter Account Name Enter Account Name Enter Account Name 3. Company borrows $15,000 signing a note payable with the bank Transaction Analysis Assets I Journal Entry Liabilities Stockholders' Equity Relevant T-Accounts (mention debit and credit) Enter Account Name Enter Account Name Enter Account Name for the balance. Transaction Analysis Assets in equipment, paid $2,000 in cash and signed a long-term note with a bank Liabilities + Stockholders' Equity Journal Entry Relevant T-Accounts (mention debit and credit) Enter Account Name Enter Account Name Enter Account Name
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