The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions:

Hunter Thompson, an owner, made an additional investment of $21,000 in cash.

A firm purchased equipment for $10,000 in cash.

A firm sold some surplus office furniture for $1,700 in cash.

A firm purchased a computer for $3,700, to be paid in 60 days.

A firm purchased office equipment for $11,200 on credit. The amount is due in 60 days.

Nancy Fowler, owner of Fowler Travel Agency, withdrew $6,000 of her original cash investment.

A firm bought a delivery truck for $37,000 on credit; payment is due in 90 days.

A firm issued a check for $3,500 to a supplier in partial payment of an open account balance.

Analyze: Select the transactions that directly affected an owners equity account. T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances.

Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.)

1. Hunter Thompson, an owner, made an additional investment of $21,000 in cash.
2. A firm purchased equipment for $10,000 in cash.
3. A firm sold some surplus office furniture for $1,700 in cash.
4. A firm purchased a computer for $3,700, to be paid in 60 days.
5. A firm purchased office equipment for $11,200 on credit. The amount is due in 60 days.
6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $6,000 of her original cash investment.
7. A firm bought a delivery truck for $37,000 on credit; payment is due in 90 days.
8. A firm issued a check for $3,500 to a supplier in partial payment of an open account balance.