Second Investments began by issuing common shares for cash of $$170,000.$ The company immediately purchased computer equipment on

account for $$130,000.$

The following T$-$accounts for the company have been opened for you: Cash, Computer Equipment, Accounts Payable, and Common

Shares. Record the transactions directly in the T$-$accounts without using a journal.

Show that total debits equal total credits.

The following T$-$accounts for the company have been opened for you: Cash, Computer Equipment, Accounts Payable, and Common Shares.

Record the first two transactions of the business directly in the T$-$accounts without using a journal. $($Use the first available cell to post

transactions and leave unused cells blank.$)$

Show that total debits equal total credits.

Compute the total debits and credits for the two transactions.

Total debits

$

Total credits $