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Problem 3.1A (Algo) Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1 The following transactions occurred at several different businesses

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Problem 3.1A (Algo) Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1 The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $18,000 in cash. 2. A firm purchased equipment for $9.400 in cash. 3. A firm sold some surplus office furniture for $1,400 in cash 4. A firm purchased a computer for $3,100, to be paid in 60 days. 5. A firm purchased office equipment for $10,600 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $5,400 of her original cash investment. 7. A firm bought a delivery truck for $34,000 on credit, payment is due in 90 days. 8. A fitm issued a check for $2,900 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Complete this question by entering your answers in the tabs below. ount first, then the Credit account.) 5. A firm purchased office equipment for $10,600 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $5,400 of her original cash investment. 7. A firm bought a delivery truck for $34,000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,900 to a supplier in partial payment of an open account balance. Complete this question by entering your answers in the tabs below. Select the transactions that directly affected an owner's equity account. (Select "Yes" if the transaction directly affected a owner's equity account. Select 'No if it did not directly affect an owners' equity account)

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