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  3. (1 pt.) record the journal entry for each of the f

(1 pt.) Record the journal entry for each of the following transactions and update the...

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Accounting

imageimage(1 pt.) Record the journal entry for each of the following transactions and update the account balance using the T-accounts below:a. The owner invested $4,000 cash in the company.b. The company paid $500 for this months rent.c. The company borrowed $5,000 from the local bank.d. The company purchased equipment costing $15,000 on credit.e. The company provided $3,000 of services on credit.

# 3 (1 pt.) Record the journal entry for each of the following transactions and update the account balance using the T-accounts below: The owner invested $4,000 cash in the company. . b. The company paid $500 for this month's rent. c. The company borrowed $5,000 from the local bank d. The company purchased equipment costing $15,000 on credit e. The company provided $3,000 of services on credit. Debits Credits Accounts . b. . d. . Accounts Accounts Payable Cash Receivable Equipment 5,000 2,000 10,000 1,000 Notes Payable Owners' Capital Rent Expense Service Revenue 8,000 6,000

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