analyze each of the transactions. For each decide what accounts are affected and set up T accounts. Record the effects of the transaction in the T accounts. Use plus and minus signs before the amounts to show the increases and decreases.

1. James Walker, an owner, made an additional investment of $16,000 in cash.

2. A firm purchased equipment for $9,000 in cash.

3. A firm sold some surplus office furniture for $1,200 in cash.

4. A firm purchased a computer for $2,700, to be paid in 60 days.

5. A firm purchased office equipment for $10,200 on credit. The amount is due in 60 days.

6. Carol Rose, owner of Rose Travel Agency, withdrew $5,000 of her original cash investment.

7. A firm bought a delivery truck for $32,000 on credit; payment is due in 90 days.

8. A firm issued a check for $2,500 to a supplier in partial payment of an open account balance.