Val McIntyre of Halifax established a graphics company. Record the following transactions for Val in T account form. Label each entry with the letter of the transaction.
A. Val McIntyre invested $14,000 in the business from her personal bank account.
B. Bought computer equipment on account, $5,500.
C. Business rendered service to Portias Corp. and received cash, $3,250.
D. Val McIntyre withdrew cash for personal use, $364.
E. Paid advertising expense, $725.
F. Rent expense was due but not yet paid, $615.
G. Paid $2,750 in partial payment of transaction B.
The chart of accounts includes Cash, 111; Office Equipment, 121; Accounts Payable, 211; Val McIntyre, Capital, 311; Val McIntyre, Withdrawals, 312; Graphics Fees Earned, 411; Advertising Expense, 511; and Rent Expense, 512.