Gail Smith decided to open a bookkeeping service. Record the following transactions into the transaction analysis charts:

Transaction A:

Transaction B: Transaction C: Transaction D: Transaction E: Transaction F:

Gail invested $1,500 in the bookkeeping service from her personal savings account.

Purchased store equipment on account, $900.

Rent expense due but unpaid, $250.

Performed bookkeeping services for cash, $1,200.

Billed clients for bookkeeping services rendered, $700. Gail paid her home heating bill from the company check¬ book, $275.

The chart of accounts for the shop includes Cash; Accounts Receivable; Store Equipment; Accounts Payable; Gail Smith, Capital; Gail Smith, Withdrawals; Bookkeeping Fees Earned; and Rent Expense. LO.1