During February of this year, H. Rose established Rose Shoe Hospital. The following asset, liability and owner's equity accounts are included in the charts accounts:

Cash Accounts Payable

Shop Equipment H. Rose, Capital

Store Equipment Income from Services

Office Equipment Advertising Expense

The following transactions occurred during the month of February:

a. Rose deposited $25000 cash in a bank account in the name of the business.

b. Bought shop equipment for cash, $1525, Ck.No 1000.

c. Bought advertising on account from Milland Company, $325.

d. Bought store shelving on account from Inger Hardwarde, $750.

e. Bought office equipment from Shara's Office Supply, $625, paying $225 in cash and placing the balance of acount, ck. no 1001.

f. Paid on accounnt to Inger hardware, $750, ck.no 1002.

g. Rose invested his personal leather working tools with a fair market value of $800 in the business.

h. Sold services for the month of February for cash, $250.

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 te classifications, place the plus and minus signs for each T account, label the debit and credit sides of the T accounts.

3. Record the amountsin the proper positions in te T accounts. write the letter next to each entry to identify the transaction.

4. Foot and balance the accounts.

Cash Balance: $22,750