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Analyzing transactions recorded in Taccounts Instructions: 1. Analyze each numbered transaction in the T accounts. Write the titles of accounts affected in Column 2. For cach account, write the classification of the account in Column 3. 2. For each account, place a check mark in either Column 4 or 5 to indicate if the account is affected by a debitor credit. 3. For each transaction, write a brief statement in Column 6 describing the transaction. 4. Use the back of the paper to work the problem. 1 Cash 30000 2 700 7 500 10 2000 3000 1000 9 5 Accts Rec. William 500 9 200 500 8 Office Equip 2 6 8 2000 200 200
Accts. Pay-Showbiz 3000 3 7 8000 10 Greg Failla, Capital 1000 1 4 5 6 30000 700 500 200 Video Equip 3 8000
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