TRANSACTION ANALYSIS Linda Kipp started a business on May 1, 20. Analyze the following transactions for the first month of business using T accounts. Label each T account with the title of the account affected and then place the transaction letter and the dollar amount on the debit or credit side. 3-5A (LO4) (a) Invested cash in the business, $5,000. (b) Bought equipment for cash, $700. (c) Bought equipment on account, $600 (d) Paid cash on account (e) Withdrew cash for personal use, $900. for equipment purchased in transaction (e), $400. FOOT AND BALANCE T ACCOUNTS Foot and balance the T accounts prepared in Exercise 3-SA if necessary E 3-6A (L02) Cash bal. after (e): $3,000 (Dr)