Instructions Chart of Accounts Journal T Accounts Jan. 1 Fahad All transferred cash from a personal bank account to an account to be used for the business, $53,000. Paid rent on office and equipment for the month, $7,950. 2 3 Purchased supplies on account, $4,240. 4 Paid creditor on account, $2,320. 5 Earned fees, receiving cash, $24,180. 6 Paid automobile expenses (including rental charge) for month, $2,490, and miscellaneous expenses, $560. 7 Paid office salaries, $6,630. 8 Determined that the cost of supplies used was $1,860. 9 Withdrew cash for personal use, $2,600. Instructions Chart of Accounts ASSETS 11 Cash 12 Supplies REVENUE 41 Fees Earned the business < LIABILITIES 21 Accounts Payable EQUITY 31 Fahad All, Capital 32 Fahad Ali, Drawing EXPENSES 51 Rent Expense 52 Office Salaries Expense 53 Automobile Expense 54 Supplies Expense 55 Miscellaneous Expense cous expenses