During December of this year, G. Elden established Ginnys Gym. The following asset, liability, and owners equity accounts are included in the chart of accounts:

Cash	Accounts Payable
Exercise Equipment	G. Elden, Capital
Store Equipment	Income from Services
Office Equipment	Advertising Expense

During December, the following transactions occurred:

a. Elden deposited $35,000 in a bank account in the name of the business.

b. Bought exercise equipment for cash, $8,150, Ck. No. 1001.

c. Bought advertising on account from Hazel Company, $105.

d. Bought a display rack (Store Equipment) on account from Cyber Core, $790.

e. Bought office equipment on account from Office Aids, $185.

f. Elden invested her exercise equipment with a fair market value of $1,200 in the business.

g. Made a payment to Cyber Core, $200, Ck. No. 1002.

h. Sold services for the month of December for cash, $800

Required

1. Write the account classifications (Assets, Liabilities, Capital, Drawing, Revenue, Expense) in the fundamental accounting equation, as well as the plus and minus signs and Debit and Credit.

2. Write the account names on the T accounts under the classifications, place the plus and minus signs for each T account, and label the debit and credit sides of the T accounts.

3. Record the amounts in the proper positions in the T accounts. Write the letter next to each entry to identify the transaction.

4. Foot and balance the accounts.