Place the following T-accounts on a sheet of notebook paper: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; Gae Neff, Capital; Revenue from Services; and Utilities Expense. Then record these transactions.

by entering debits and credits directly in the accounts. Use the transaction letters to identify amounts entered in the accounts.

a. Gae Neff began a service business, called N-E Errands, by investing \(\$ 5,000\) in the business.

b. Purchased office supplies for cash, \(\$ 60\).

c. Purchased office equipment on credit, \(\$ 3,000\).

d. Received \(\$ 300\) cash for services provided to a customer.
\(e\). Paid for the office equipment purchased in transaction (c).

f. Billed a customer \(\$ 875\) for services provided to the customer.
g. Paid the monthly utility bills, \(\$ 45\).
h. Collected \(\$ 350\) of the amount owed by the customer of transaction ( \(f\) ).