has the solutions J 24-1. Analyze transactions with T accounts-Record in a journal 1.Prepare a T account analysis of each individual transaction. 2 Record the general journal entry for each transaction. (Make copies of blank journal paper from the disk at the back of this book or from the "student info." link at www.worthyjames.com.) are not necessary Explanations Transactions: a. Anne Mayer, owner of Internet Analysis Services invested $25,000 cash and $9,000 of equipment in her new business. b. The business purchased $750 of supplies c. The business completed a job and billed the client $2,500. d. The business prepaid 6 months of fire insurance for $1,200. e. The business received a $1,575 bill for advertising, which was not immediately paid. f. The client paid $2,000 of what was owing on account. 8 $5,000 of computer equipment was purchased by paying $1,000 and signing a note payable for the balance. on account. h. The business paid the amounts owing for the supplies purchase and for the advertising