Question

Borrowed $4,790 from a local bank on a note due in six months. Received $5,480 cash from investors and issued common stock to them. Purchased $2,700 in equipment, paying $1,050 cash and promising the rest on a note due in one year. Paid $1,150 cash for supplies. Bought and received $1,550 of supplies on account. Post the effects to the appropriate t-accounts and determine ending account balances. Show a beginning balance of zero.

Answer 1

Answer:

plz send a image I can't get your question plz