Open the following T accounts: Cash; Repair Supplies; Repair Equipment; Accounts Payable; C. Ferdinand, Capital; Withdrawals; Repair Fees Earned; Salaries Expense; and Rent Expense. Record the following transactions for the month of June directly in the T accounts; use the letters to identify the transactions in your T accounts. Determine the balance in each account.

a. Collin Ferdinand opened Ferdinand Repair Service by investing $8,600 in cash and $3,200 in repair equipment.

b. Paid $800 for the current month’s rent.

c. Purchased repair supplies on credit, $1,000.

d. Purchased additional repair equipment for cash, $600.

e. Paid salary to an employee, $900.

f. Paid $400 of amount purchased on credit in c.

g. Accepted cash for repairs completed, $3,720.

h. Withdrew $1,200 in cash.