Analyze the following transactions using the T account approach. Place the dollar amount on the debit and credit sides. Next to each entry select the number for that transaction. After all transactions have been recorded, foot the accounts where necessary and enter the balance in the proper place. 1. Owner invested $15,000 in a business.
2. Owner invested a truck worth $5,000 into the business.
3. Cash received for services rendered for the month was $4,300.
4. Received a bill for $150 for repairs.
5. Purchased a piece of equipment worth $1,500, making a down payment of $250.
6. Owner withdrew $1,400 from the company.