1. Record each of the following transactions, using T-Accounts 
2. 
   
3. July 1) You invest $97,000 cash to start a business. 
4. July 2) You withdraw $1400 cash from your business for personal use. 
5. July 3) You pay $41,000 cash for advertising for your business. 
6. July 4) You earn $62,000 in fees for services rendered. The customer financed the entire amount - there was no down payment 
7. July 5) You purchase equipment for $50,000. You made a $25,000 down payment and financed the balance.

1. 
   

Answer rating: 100% (QA)

To record the transactions using TAccounts we will create separate accounts for Cash Capital Withdra... View the full answer