chp. 3 hw #3

please help!!

Transaction Analysis Clara Flannagan 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 titie of the account affected and then place the transaction letter and the dollar amount on the debil or credit side. a. Invested eash in the business, 56,000 . b. Bought equipment for cash, $500. c. Bought equipment on account, $800. d. Paid cash on account for equipment purchased in transaction (c), $300. Cash Equipment Equipment Equipment Equipment b. d. e. Accounts Payable Equipment a. c. d. Accounts Payable e. Accounts Payable Ciara Flannagan, Capital Accounts Payable Ciara Flannagan, Capital \begin{tabular}{ll} \hline & a. \\ & Ciara Flanni \\ \hline & b. \\ \hline \end{tabular} Ciara Flannagan, Drawing