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The following T-accounts indicate the effects of normal business transactions: Equipment Debit 1/1 Credit 500 250 2 12/31 100 Required: Notes Receivable Notes Payable

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The following T-accounts indicate the effects of normal business transactions: Equipment Debit 1/1 Credit 500 250 2 12/31 100 Required: Notes Receivable Notes Payable Debit 1/1 Credit Debit Credit 150 100 1/1 225 T 170 160 12/31 170 12/31 2. For each T-account, compute the missing amounts. Missing amounts Equipment 250 Notes receivable 75 Notes payable 70 Check my work

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