Fatima Ramin opened a consulting company in Fairview and the following transactions resulted:
A. Fatima invested $20,000 in the consulting business.
B. Bought office equipment on account, $5,000.
C. Received cash for consulting work completed for a client, $900.
D. Fatima paid a personal bill from the company bank account, $90.
E. Paid advertising expense for the month, $400.
F. Rent expense for the month was due but not yet paid, $1,400.
G. Paid $1,000 as partial payment of what was owed from the transaction in B.
As Fatima’s accountant, analyze and record the transactions in T account form. Set up the T accounts on the basis of the chart of accounts below. Enter each transaction in the appropriate T account and label it with the letter of the transaction.

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Assets Cash 111 Office Equipment 121 Liabilities Accounts Payable 211 Owner's Equity Fatima Ramin, Capital 311 Fatima Ramin, Withdrawals 312 Chart of Accounts Revenue Consulting Fees Earned 411 Expenses Advertising Expense 511 Rent Expense 512