S2-7 (book/static) Fourth Investments, Inc., began by issuing common stock for cash of $200,000. The company immediately purchased computer equipment on account for $56,000. 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 accounts without using a journal. 2. Show that total debits equal total credits 1. 1. The following Taccounts 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 Taccounts without using a journal Cash Computer Equipment Accounts Payable Common Stock