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The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Serena
The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Serena Hamilton, an owner, made an additional investment of $42,000 in cash. 2. A firm purchased equipment for $20,000 in cash. 3. A firm sold some surplus office furniture for $3.400 in cash. 4. A firm purchased a computer for $3,700, to be paid in 60 days. 5. A firm purchased office equipment for $22.400 on credit. The amount is due in 60 days. 6. James Taylor, owner of Taylor Travel Agency, withdrew $12,000 of his original cash investment 7. A firm bought a delivery truck for $38,500 on credit, payment is due in 90 days. 8. A firm issued a check for $7,200 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Complete this question by entering your answers in the tabs below.
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