General Ledger Accounts Set up T accounts for each of the general ledger accounts needed for the following transactions. Invested cash in the business, $5,200. Paid office rent, $500. Purchased office supplies on account, $300. Received cash for services rendered (fees), $400. Paid cash on account, $50. Rendered services on account, $300. Received cash for an amount owed by a customer, $100. 1. Post debits and credits to the accounts. 2. Foot the accounts and enter the balances.