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General Ledger Accounts Set up T accounts for each of the general ledger accounts needed for the following transactions. 1. Invested cash in the business,

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General Ledger Accounts Set up T accounts for each of the general ledger accounts needed for the following transactions. 1. Invested cash in the business, $5,300. 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. Post debits and credits to the accounts. Foot the accounts and enter the balances. Cash 5,300 Accounts Receivable Bal. Office Supplies Check My Work Show Me How Calculator Accounts Receivable Bal. Office Supplies Accounts Payable Bal. Owner's Capital eBook Show Me How Calculator Owner's Capital Fees Bal. Rent Expense Prove that total debits equal total credits. Total Debits: Total Credits: Cash Accounts payable Accounts receivable Owner's capital Office supplies Fees Rent expense

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