Transaction Analysis Sheryl Hansen started a business on May 1, 20--. Analyze the following transactions for the first month of business using T accounts. Label each T account with the title of the account affected and then place the transaction letter and the dollar amount on the debit or credit side. Invested cash in the business, $5,400. Bought equipment for cash, $500. Bought equipment on account, $800. Paid cash on account for equipment purchased in transaction (c), $300. Withdrew cash for personal use, $700
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