Tom Caper of Halifax established a graphics company. Record the following transactions for Tom in T account form. Label each entry with the letter of the transaction.
A. Tom Caper invested $14,000 in the business from his personal bank account.
B. Bought computer equipment on account, $5,800.
C. Business rendered service to Portias Corp. and received cash, $3,250.
D. Tom Caper withdrew cash for personal use, $364.
E. Paid advertising expense, $725.
F. Rent expense was due but not yet paid, $615.
G. Paid $2,900 in partial payment of transaction B.
The chart of accounts includes Cash, 111; Office Equipment, 121; Accounts Payable, 211; Tom Caper, Capital, 311; Tom Caper, Withdrawals, 312; Graphics Fees Earned, 411; Advertising Expense, 511; and Rent Expense, 512.