Problem $3\mathrm{.}1$A $($Static$)$ Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO $3-1$

The following transactions occurred at several different businesseli and are not related.

Post the following transactions into the appropriate $T$ accounts.

Transactions:

Shirley Cosby, an owner, made an additional investment of $$52,500$ in cash.

A firm purchased equipment for $$15,000$ in cash.

A firm sold some surplus office furniture for $$9,050$ in cash.

A firm purchased equipment, a computer, for $$4,875,$ to be paid in $60$ days.

A firm purchased equipment for $$10,500$ on credit. The amount is due in $60$ days.

Jack Walker, owner of Walker Travel Agency, withdrew $$20,000$ of his original cash investment.

A firm bought a delivery truck for $$42,075$ on credit; payment is due in $90$ days.

A firm issued a check for $$3,600$ 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.

Post the following transactions into the appropriate $T$ accounts.

Note: Select the Debit account first, then the Credit account.

Shirley Cosby, an owner, made an additional investment of $$52,500$ in cash.