Set up T accounts for each of the general ledger accounts needed for Exercise 4-2A and post debits and credits to the accounts. Foot the accounts and enter the balances. Prove that total debits equal total credits.

Data from in exercises 4-2A 

For each of the following transactions, list the account to be debited and the account to be credited in the general journal.

1. Invested cash in the business, \($5,000\).

2. Paid office rent, \($500\).

3. Purchased office supplies on account, \($300\).

4. Received cash for services rendered (fees), \($400\).

5. Paid cash on account, \($50\).

6. Rendered services on account, \($300\).

7. Received cash for an amount owed by a customer, \($100\).