Question: Do problems 4-4 and 4-5 using the T-Accounts. Remember you need to setup a T-Account for each account in the Blue Box. Asset Accounts increase

Do problems 4-4 and 4-5 using the T-Accounts.

Remember you need to setup a T-Account for each account in the Blue Box. Asset Accounts increase on the left and decrease on the right Liability and Owners Equity increase of the right and decrease on the left. You MUST debit one account and credit the other for each transaction.

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