T Account Practice Remember to foot and balance if necessar. Identify the following transactions by letter and place them on the proper side of the T accounts a. Invested cash in the business, $65,000 b. Purchased office equipment on account, $4,000 on account d. Owner withdrew $1,000 for personal reasons e. Paid monthly telephone bill, $650 f. Performed services for customer, $10,000 cash g. Paid monthly rent, $2500 cash h. Purchased prepaid insurance, $1600 cash i. Performed services for customer on account, $12,000 Purchased office equipment on account, $8,250 k. Owner withdrew $500 for personal reasons Performed services for customer, $7,500 on account m. Paid utility bill, $1600 n. Purchased supplies for cash, $3,000 o. Customer paid $5,000 on balance owed from transactionI. Cash Accounts Pa able Capital Service Fees (Revenue Dravin Utilities Ezpense Accounts Receivable Rent Ezpense Telephone Expense Prepaid Insurance Office Equipment