Record these next transactions on your own. Transaction #2: January 10 Buy new computers with cash 3,000 ACCOUNTS &EXPLANATION DEBIT CREDIT DATE Jan 10 square square 3000 square 3000 3000 Buy new computers square

<br />【Explanation】: In the transaction detailed, laptops are being bought, which is a type of Asset. Since these are being bought, assets are increasing, held under the "Computers" account. Remember that when assets increase, they must be debited, so this is why there should be a debit under the Computers account.<br /><br />The method of procurement manifests within the second account affected by this transaction. The payment was through cash, which is also an asset account. This cash is decreasing, and we remember that in accounting an asset which is decreasing should be evidenced through a credit move. Hence, the Cash account will have a correlating decrease or credit.<br /><br />Here's how it should look:<br /><br />DATE-----------ACCOUNTS & EXPLANATION------------------DEBIT ----------CREDIT<br /><br />Jan 10 Cash <br /> | ------------ <br /> |_________3,000 <br /><br />Jan 10 Computers <br /> ▲____3,000 LEAD (highlight the correct choices): On consideration, this is how the accounting Entry for buying computers with cash will appear. Note how the transaction affects two specific asset accounts both reflected accordingly as a debit for acquiring the new computers (increasing the Computers account) while evidencing the payout through a credit towards the cash account as a decrease in our cash on hand.