T # 6

Tenth Investments, Inc., began by issuing common stock for cash of $260,000. The company immediately purchased computer equi 1. The following T-accounts of Tenth Investments, Inc. have been opened for you: Cash, Computer Equipment, Accounts Pay 2. Show that total debits equal total credits. 1. The following T-accounts of Tenth Investments, Inc. have been opened for you: Cash, Computer Equipment, Accounts Payable, 2. Show that total debits equal total credits. Compute the total debits and credits for the two transactions. purchased computer equipment on account for $116,000. Equipment, Accounts Payable, and Common Stock. Record the first two transactions of the business directly in the T-accounts without using a journal. ent, Accounts Payable, and Common Stock. Record the first two transactions of the business directly in the T-accounts without using a journai. Stock 2. thew that totar debis eoval motal gedits 2. Show that total debits equal todal crests. Compyis the totai deblts and credes for the swo transactions Tetil debits = Tolat credits =