T-accounts. The company borrowed $85,000 in cash from Easter Bank/The company used 45,000 to purchase land.?

Referrning to these journal entries. Construct a t-account representing these accounts. by these to accounts. Post the journal entries to these T-accounts. Compute the ending balance in each account. Assume that the beginning balance in each T account is zero.

It's impossible to draw T-accounts here, so it'll have to be by narration.

Cash account-

$85,000 on the L side of the T, $45,000 on the R side of the T, ending balance is $40,000 debit

Bank loan (Eastern Bank) account-

$85,000 on the R side, ending bal. is $85,000 credit

Land account-

$45,000 on the L side, ending bal. is $45,000 debit

R = Right (credit)

L = Left (debit)

The lecture on T-accounts at the link is very helpful.