Prepare journal entries for each of the following transactions & Post the following transactions to T-accounts and determine each account's ending balance.

1. Performed services for customers on account $6,000 and 2000 cash.

2. Purchased $25,000 of equipment paid cash 5000 and remaining on account.

3. Received $2,500 from customers in transaction 1.

4. The owner, R. Orbison, withdrew $7,00 cash for personal use.