Set up T accounts for each of the general ledger accounts needed for the following transactions. 1. Invested cash in the business, $5,000. 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 1. 2. 3. Bal. Accounts Receivable 500 Bal. 500 Office Supplies Accounts Payable Check My Work 1 more Check My Work uses remaining. Book Print Item Accounts Payable Bal. Owner's Capital Fees Bal. Accounting turmeric field 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 Check My Work 1 more Check My Work uses remaining All work saved