HW 3.1 TRANSACTION ANALYSIS AND POSTING TO T-ACCOUNTS See the last page for T-accounts (a) Provide website design services for $40,000. Debit and credit the accounts affected Ensure the equation still balances and debits - credits Assets Liabilities + Stockholders' Equity (6) Provide website design services to Acme Company, for $20,000 on account. We expect Acme to pay in the future. Debit and credit the accounts affected Ensure the equation still balances and debits = credits Assets Liabilities + Stockholders' Equity (c) Collect $18,000 from Acme Company on account. Debit and credit the accounts affected Ensure the equation still balances and debits -credits Assets Liabilities + Stockholders' Equity 3-1 (d) Sell a $1.000 gift certificate. Debit and credit the accounts affected Ensure the equation still balances and debits -credits Assets Liabilities Stockholders' Equity (e) Customer redeems $1.000 gift certificate for website design services. Debit and credit the accounts affected + Stockholders' Equity Ensure the equation still balances and debits = credits Assets Liabilities (1) Paid employees $16,000 earned. Debit and credit the accounts affected Stockholders' Equity Ensure the equation still balances and debits = credits Assets Liabilities 3-2