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Fourth Investments, Inc., began by issuing common stock for cash of $200,000. The company immediately purchased computer equipment on acoount for $56,000. 1 Tocounte witho
Fourth Investments, Inc., began by issuing common stock for cash of $200,000. The company immediately purchased computer equipment on acoount for $56,000. 1 Tocounte witho Fourth 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 Show that total debits equal total credits. 2 . The following T-accounts of Fourth 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. Computer Equipment Cash Accounts Payable Common Stock 200,000 56.000 56.000 200,000 Show that total debits equal total credits. Compute the total debits and credits for the two transactions Total debits S Total credits = $
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