George Atlas started a business on June 1, 20--. Analyze the following transactions for the first month of business using T accounts. Label each T account with the title of the account affected and then place the transaction letter and the dollar amount on the debit or credit side.
(a) Invested cash in the business, $7,000.
(b) Purchased equipment for cash, $900.
(c) Purchased equipment on account, $1,500.
(d) Paid cash on account for equipment purchased in transaction (c), $800.
(e) Withdrew cash for personal use, $1,100.