Use the information given and the analysis completed in Exercise 2-5.

Exercise 2-5

William Curtis is a personal finance expert and owns “Much Money” Consulting. This is his first month of operations and William has hired you to do his accounting. The following transactions are for the month of October.
a. On October 2, William Curtis invested $32,600 cash into his business. 

b. On October 4, purchased $925 of office supplies for cash. 

c. On October 6, purchased $13,600 of office equipment on credit. 

d. On October 10, received $3,000 cash as revenue for being a guest on the TV show CityTalk. 

e. On October 12, paid for the office equipment purchased in transaction (c).
f. On October 16, billed a customer $5,400 for delivering a corporate workshop on smart investing.
g. On October 18, paid October’s rent for the downtown office with $3,500 cash. 

h. On October 26, collected cash for all of the account receivable created in transaction (f). 

i. On October 31, withdrew $5,000 cash from the business for a trip to Hawaii.

Required
1. Set up the following general ledger accounts using T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; William Curtis, Capital; William Curtis, Withdrawals; Revenue; and Rent Expense.
2. Post the journal entries from Exercise 2-5 into the T-accounts. Include the letter of the transaction next to your posting.
3. Determine the balance of each account.