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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,
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, $800. 2. Performed services on account, $200. 3. Purchased office equipment on account, $500. 4. Received cash on account for services previously rendered, $200. 5. Made a payment on account, $100. Post debits and credits to the accounts. Foot the accounts and enter the balances. If an amount is zero, enter "O". Cash 1. 4. Bal. Accounts Receivable Bal. Office Equipment Accounts Payable Bal. Owner's Capital Fees Prove that total debits equal total credits. Total Debits: Total Credits: Cash Accounts Payable Owner's capital Office Equipment Fees
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