The following transactions occurred during May: (a) Invested cash in the business, $20,000. (b) Purchased a used van for cash, $9,000. (c) Purchased equipment on account, $3,000. (d) Received cash for services rendered, $5,000. (e) Paid cash on account owed from transaction (c), $3,000. (f) Paid rent for the month, $900. (g) Paid telephone bill, $100. (h) Earned revenue on account, $5,000. (i) Purchased office supplies for cash, $300. (j) Paid wages to an assistant, $800. (k) Purchased a one-year insurance policy, $1,300. (I) Received cash from services performed in transaction (h), $3,100. (m) Paid cash for gas and oil expense on the van, $120. (n) Purchased additional equipment for $5,000, paying $500 cash and spreading the remaining payments over the next 10 months. (o) earned service fees for the remainder of the month of $2,900:$2,000 in cash and $900 on account (p) withdrew cash at the end of the month, $4,000. Enter the transactions in T accounts, identifying each transaction with it's corresponding letter. Foot and balance the accounts where necessary.