Analyze and post each transaction below to the T-accounts and determine the closing balances for each T-account and the following cells of Total Assets, Total Liabilities, Owner's Equity, Revenues, Expenses and Net Income (Loss). NO COMMAS, NO $. Transaction Borrowed $12,000 from the bank. Purchased equipment for $6,600 cash. Billed clients $3,740 for completed services. Due in 30 days.. Paid $930 cash for regular maintenance on the equipment. Collected $1,790 from clients who owed money. Paid four months rent of $3,700 in advance. Recorded $1,760 of cash sales for the month. Paid $690 owed to a supplier. Liabilities Assets Decrease
