Bob Sample and other student-investors opened Campus Carpet Cleaning, Inc. on September 1, 2025. During the first month of operations, the following transactions occurred.

Sept. 1 Stockholders invested \(\$ 20,000\) cash in the business.

2 Paid \(\$ 1,000\) cash for store rent for the month of September.

3 Purchased industrial carpet-cleaning equipment for \(\$ 25,000\), paying \(\$ 10,000\) in cash and signing a \(\$ 15,0006\)-month, \(12 \%\) note payable.

4 Paid \$1,200 for 1-year accident insurance policy.

10 Received bill from the Daily News for advertising the opening of the cleaning service, \(\$ 200\).

15 Performed services on account for \(\$ 6,200\).

20 Paid a \(\$ 700\) cash dividend to stockholders.

30 Received \(\$ 5,000\) from customers billed on September 15.

The chart of accounts for the company is the same as for Sierra Corporation except for the following additional account: Advertising Expense.

Instructions

a. Journalize the September transactions.

b. Open ledger accounts and post the September transactions.

c. Prepare a trial balance at September 30, 2025.