You are given a choice of taking the simple interest on 100,000 invested for 2 years

T account s:
William s Cleaning Service has the following account balances on 12/31 /13 Set up a T account for each enters the balance on the proper side of the account.
• Cash  $18,000
• Equipment $45,000
• Account payable $23,200
• Wade Williams Capital $ 39,800
Using T account to analyze transactions:
1. Donna invested $80,000 cash in the business.
2. Paid $20,000 in cash for equipment.
3. Performed services for cash amount to 8,000.
4. Paid 2,800 in cash for advertising expense.
5. Paid 2,000 in cash for suppliers.
Donna wells decided. The first five to start a dental practice .the first five transactions for the business follows. for each transaction .(1) determine which two accounts are affected, (2) set up T accounts for the affected accounts, and (3) enter the debit and credit amounts in the T accounts.
Determining debit and credit balances. Indicates whether each of the following accounts normally has debit balance or credit balance:
1. Ted Wilson, Capital
2. Cash
3. Fee Income
4. Account Payable
5. Supplies , 6.Salaries Expense , 7.Account Receivable , 8.Equipment

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