Selected transactions for the Basler Corporation during its first month in business are presented below:

Sept. 1 Issued common stock in exchange for \(\$ 15,000\) cash received from investors.

5 Purchased equipment for \(\$ 10,000\), paying \(\$ 5,000\) in cash and the balance on account.

25 Paid \(\$ 3,000\) cash on balance owed for equipment.

30 Paid \(\$ 500\) cash dividend.

Basler's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends.

\section*{Instructions}

(a) Journalize the transactions.

(b) Post the transactions to \(\mathrm{T}\) accounts.