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The following T-accounts indicate the effects of normal business transactions: Equipment Debit 1/1 Credit 680 280 ? 12/31 180 Notes Payable Debit Credit 180

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The following T-accounts indicate the effects of normal business transactions: Equipment Debit 1/1 Credit 680 280 ? 12/31 180 Notes Payable Debit Credit 180 1/1 ? 200 150 12/31 Required: Notes Receivable Debit Credit 1/1 80 ? 265 12/31 210 2. For each T-account, compute the missing amounts. Answer is complete but not entirely correct. Missing amounts Equipment Notes receivable Notes payable 180x 130 150

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