Use T-accounts to demonstrate the impacts of the journal entries for the above transactions

Given below are selected transactions of the Dawson Company:

			May 1	Stockholders invested cash of $24,000 and supplies of $8,000 in the business in exchange for capital stock.
			2	Paid the current month's rent on the building occupied, $6,000.
			3	Purchased $24,000 of equipment, paying $8,000 cash and promised to pay the remaining $16,000 in 30 days.
			4	Rendered services to customers, $20,000; cash received, $8,000; balance on account.

Use T-accounts to demonstrate the impacts of the journal entries for the above transactions, including a posting reference for each transaction (1, 2, etc.).

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Use T-accounts to demonstrate the impacts of the journal entries for the above transactions

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